Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 75

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 75
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 required on dividends in
respect of Common Shares held by or through certain foreign financial institutions (including investment funds), unless such institution
enters into an agreement with the Treasury to report, on an annual basis, information with respect to interests in, and accounts maintained
by, the institution to the extent such interests or accounts are held by certain United States persons or by certain non-U.S. entities
that are wholly or partially owned by United States persons and to withhold on certain payments. Accordingly, the entity or entities through
which Common Shares are held will affect the determination of whether such withholding is required. Similarly, withholding at a rate of
30% will be required on dividends in respect of Common Shares held by an investor that is a non-financial non-U.S. entity that does not
qualify under certain exemptions, unless such entity either (i) certifies that such entity does not have any “substantial United
States owners” or (ii) provides certain information regarding the entity’s “substantial United States owners,”
which the applicable withholding agent will in turn provide to the Secretary of the Treasury. An intergovernmental agreement between the
United States and an applicable foreign country, or future Treasury regulations or other guidance, may modify these requirements. The
Fund will not pay any additional amounts to Common Shareholders in respect of any amounts withheld. Non-U.S. shareholders are encouraged
to consult with their tax advisors regarding the possible withholding implications of an investment in Common Shares.

<div align='center'>S-13</div>

Furthermore, if the Fund distributes
its net capital gains in the form of deemed rather than actual distributions (which the Fund may do in the future), a non-U.S. shareholder
will be entitled to a U.S. federal income tax credit or tax refund equal to the shareholder’s allocable share of the tax the Fund
pays on the capital gains deemed to have been distributed. In order to obtain the refund, the non-U.S. shareholder must obtain a U.S.
taxpayer identification number and file a federal income tax return even if the non-U.S. shareholder is not otherwise required to obtain
a U.S. taxpayer identification number or file a federal income tax return. For a corporate non-U.S. shareholder, distributions (both actual
and deemed), and gains realized upon the sale of Common Shares that are effectively connected with a U.S. trade or business (or, where
an applicable treaty applies, are attributable to a permanent establishment in the United States) may, under certain