NXG NextGen Fund Seeks Approval for New Advisory Agreement

Key Highlights

• Joint Annual Meeting of Shareholders scheduled for June 18, 2026, at 9:00 A.M. Central time in Dallas, Texas.
• Shareholders will vote to elect Trustee nominees for both NXG Cushing Midstream Energy Fund and NXG NextGen Infrastructure Income Fund.
• Shareholders will also vote to approve a new investment advisory agreement with Cushing Asset Management, LP.
• The new agreement is required due to a change of control in the Adviser, as NXG Cushing, LLC will acquire an approximately 62% interest.
• The transaction is expected to close in the third quarter of 2026.
• No changes are anticipated in investment advisory fees, portfolio management, or the nature of services provided by the Adviser.
• The Board of Trustees unanimously recommends voting "FOR" the election of nominees and the approval of the new advisory agreement.
• The record date for shareholders entitled to vote at the Annual Meeting was March 20, 2026.