Company: SRV
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001398344-25-007570
Chunk: 9

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 9
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John H. Alban.Mr. Alban has served as a Trustee of funds in the Fund Complex since 2023. Through his former positions as the Chief Executive Officer of the Adviser from 2019-2022 and as Chief Operating Officer of the Adviser from 2010-2019 and his experience as Chief Executive Officer and President of funds in the Fund Complex from 2021-2022, Mr. Alban is experienced in financial, regulatory and investment matters.

John Musgrave.Mr. Musgrave has served as Trustee of funds in the Fund Complex since 2025. Through his current positions as the Chief Executive Officer and President, Chief Investment Officer and Portfolio Manager of the Adviser, his experience as Chief Executive Officer and President of funds in the Fund Complex since 2023 and his former positions as Co-Chief Investment Officer of the Adviser from 2016-2023 and Managing Director of the Adviser from 2016-2023, Mr. Musgrave is experienced in financial, regulatory and investment matters.

Board’s Leadership Structure

The primary responsibility of the Board is to represent the interests of the Funds and to provide oversight of the management of the Funds. The Funds’ day-to-day operations are managed by the Adviser and other service providers who have been approved by the Board. The Board is currently comprised of four Trustees, three of whom are classified under the 1940 Act as “non-interested” persons of the Funds and one of whom is classified as an “interested person” of the Funds. Generally, the Board acts by majority vote of all the Trustees, including a majority vote of the Independent Trustees, if required by applicable law.

An Independent Trustee, Mr. Brian R Bruce, currently serves as Chair of the Board. The Chair of the Board presides at meetings of the Board and acts as a liaison with service providers, officers, attorneys and other Trustees generally between meetings, and performs such other functions as may be requested by the Board from time to time.

The Board meets regularly four times each year to discuss and consider matters concerning the Funds, and also holds special meetings to address matters arising between regular meetings. Regular meetings generally take place in-person; other meetings may take place in-person or by telephone. The Independent Trustees are advised by independent legal counsel and regularly meet outside the presence of management.

The Trustees have determined that the efficient conduct of the Trustees’ affairs makes it desirable to delegate responsibility for certain specific matters to committees of the Board. The committees meet as often as necessary,