Company: SRV
Filing Date: 2025-02-10
Form Type: N-CSR
Source: 0001398344-25-002262
Chunk: 110

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-02-10
Form: N-CSR
Chunk 110
---
| ● | Swaps will be valued using market-based prices provided by pricing services or broker-dealer bid counterparty quotations. |

<div align='center'>78</div>

Whenever trading in a listed security held in a portfolio is temporarily suspended, halted or delisted from an exchange, the security may be priced using the last closing price for a period of up to 5 business days. The Committee will continue to monitor the security during this period and, if there is a belief that the last closing price does not reflect the fair value of such security, then the value of such security will be determined by the Committee based on factors the Committee deems relevant. Whenever any such valuation determination is made, the Committee will monitor the market and other sources of information available to it in order to ascertain whether any change in circumstance would suggest a change in the value so determined.

<div align='center'>MANAGEMENT OF THE FUND</div>

Board of Trustees

The Board of Trustees of the Fund provides broad oversight over the operations and affairs of the Fund and protects the interests of shareholders. The Board of Trustees of the Fund has overall responsibility for monitoring the operations of the Fund and for supervising the services provided by the Investment Adviser and other organizations. The officers of the Fund are responsible for managing the day-to-day operations of the Fund.

The names and ages of the Trustees and officers of the Fund, the year each was first elected or appointed to office, their principal business occupations during the last five years, the number of funds overseen by each Trustee and other directorships or trusteeships during the last five years are shown below. The business address of the Fund, its Trustees and officers is One Energy Square, 4925 Greenville Avenue, Suite 1310, Dallas, Texas 75206.

| Name and             
 Year of Birth        | Position(s) Held                                                       
 With the Fund                                                          | Term of                  
 Office and               
 Length                   
 of Time                  
 Served(1)                | Principal Occupations                                                                                                                                                                            
 During Past Five Years                                                                                                                                                                           |  Number of 
 Portfolios 
    in Fund 
 Complex(2) 
   Overseen 
 by Trustee | Other Directorships Held by Trustee                                                                                                                                      
 During the Past Five Years                                                                                                                                               |
| Independent Trustees |                                                                        |                          |                                                                                                                                                                                                  |            |                                                                                                                                                                          |
| Brian R. Bruce       
 (1955)               | Chair of the Board                                                     | Trustee                  
 since 2007               | Retired. Previously, Chief Executive Officer, Hillcrest Asset Management, LLC (200