Disclosures

Important Information

NXG Investment Management ("NXG") is a trade name of Cushing Asset Management, LP, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.

All information provided herein is for informational and educational purposes only and should not be relied upon to make an investment decision. Past performance results relate only to the time periods indicated and are not at indication of, nor a reliable proxy for future performance. Past performance does not guarantee future results.

This presentation is neither an offer to sell nor a solicitation of any offer to buy any securities, investment products or investment advisory services. The information contained in this presentation is based on the most recent information available to NXG as of the date given (except otherwise noted), however all of the information herein is subject to change without notice. Certain information contained herein represents NXG's opinion and is based upon information which may have been derived from multiple sources, which may not be verified. The information has been provided in good faith but is not guaranteed and subject to uncertainties beyond NXG's control. NXG makes no warranty and accepts no liability for the completeness or accuracy of information, the basis of any comparison or any assumptions underlying any opinion. NXG reserves the right, in its sole discretion, to withdraw or modify any of the information or content or services provided in this presentation at any time without providing notice to you.

Certain information contained in this presentation may constitute “forward-looking” statements, which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “estimate,” or “believe” or other variations thereof. Such statements reflect various assumptions by NXG concerning anticipated trends or events, which may or may not occur. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements.

This presentation is not an advertisement for any product offered by NXG or its affiliates and does not constitute a recommendation, solicitation or offer to sell or buy any security, product or service. This presentation is not intended to, provide any financial, investment, retirement planning, insurance, legal, accounting or tax advice. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. This presentation should not be used or relied upon by you as a substitute for independent research or professional tax, financial or legal advice. You should seek such professional tax, financial or legal advice for your specific situation. You acknowledge that your requests for information through or in connection with this presentation are unsolicited.

Before acquiring the shares of any investment fund by purchase or exchange, it is your responsibility to read the fund's prospectus or offering materials. For more information on any fund, contact your registered representative (financial professional) to obtain a prospectus. Prospectuses contain more complete information on advisory fees, distribution charges, and other expenses, and should be read carefully before investing. Past performance does not guarantee future results. There is no assurance that the objective of any fund will be achieved. Investment return and principal value will fluctuate. All investments involve risks and may lose value. An investment in a fund or other investment product is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

The services and products described and information provided in this presentation are directed to and are intended to be made available only to persons in the United States and are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject NXG or any of its investment products or services to any registration requirement within such jurisdiction or country. Persons who access this presentation do so on their own initiative, and are responsible for compliance with applicable local laws and regulations.

All content in this presentation is owned or licensed by NXG and its third-party information providers and is protected by applicable copyrights, trademarks, service marks and/or other intellectual property rights. This presentation is not to be reproduced or redistributed to any other person without the prior consent of NXG.

Social Media

Please contact NXG Investment Management (“NXG”) or visit www.nxgim.com for questions about any of the content appearing on any social media site, channel or application (“social media platforms”). Social media platforms are owned by third parties unaffiliated with NXG and may include content created or posted by others. Use of a social media platform or any NXG social media page thereon is at your own risk. Content posted by NXG and its personnel and affiliates to social media platforms is qualified in all respects by reference to the “Important Information” set forth above. Investment strategies and broad themes discussed in such content may be unsuitable for investors depending on their specific investment objectives and financial situation.

NXG does not adopt, endorse, or guarantee the accuracy of social media content posted by others. Social media content posted by others does not represent the views of NXG and any comments and opinions posted are the responsibility of the person who posted them. We make no representation as to the accuracy or completeness of any third-party content. We reserve the right to moderate and remove comments that we believe are inappropriate in nature and we will remove comments that refer to specific securities that could be considered investment advice. Our removal of any comment is not an endorsement or adoption of any comments not removed. Do not publish your own advertisements of any kind on any NXG social media page or with respect to any NXG posts. We ask you to be respectful and courteous and refrain from publishing, including through hyperlinks, inappropriate or offensive material on any NXG social media page or with respect to any NXG posts. Do not attempt to promote investments (this includes posting testimonials, giving investment advice, or making recommendations about specific securities, securities strategies, products or services) on any NXG social media page or with respect to any NXG post.

NXG neither endorses nor has responsibility for the operations, advertisements, messages, services, terms of use, privacy policies, or security policies that may appear on websites not controlled by it. Content provided by NXG and links to third-party materials are for informational and education purposes only and are rendered as of the date given and are subject to change due to market conditions or other factors. Unless otherwise specified, content provided by NXG is intended for U.S. persons only, for informational purposes only and should not be considered as investment advice or a recommendation to invest in any particular security, strategy, or investment product.

NXG content may provide links to third-party websites only as a convenience and the inclusion of such links does not imply any endorsement, approval, investigation, verification or monitoring by NXG of any content or information contained within or accessible from the linked sites. While we make every attempt to provide links only to those websites we think are trustworthy and accurate, we cannot be responsible for the content or accuracy of the information presented on those websites and we specifically disclaim any liability for any loss or damages which you may incur, directly or indirectly, as a result of your use of them. We reserve the right to remove a link to a third-party website at any time.