SRV.RT Subscription Rights

NXG CUSHING MIDSTREAM ENERGY (SRV.US) announced a subscription rights offering. SRV.RT holders may exercise rights at the estimated subscription price of US$33.22 per share. Rights were issued at a ratio of 1 right for every 1 share held. In addition, holders of less than three (3) Rights are not eligible to oversubscribe. Participants are advised to obtain the PROSPECTUS dated 13/11/2023 and related supplement for more details on the subscription price. Participants should consult their tax advisor for complete details in reference to withholding taxes.

Terms of the offer are as follows:

Subscription Ratio: 1 share(s) for every 3 right(s) subscribed
Subscription Price: approximately USD 33.22
Oversubscription is not supported.

Option (1): Take no action [Default option]

Option (2): EXERCISE RIGHTS, minimum 3 Rights required to exercise:
For every 3 Subscription Rights will entitle the holder to purchase 1 new Common Share at the estimated subscription price of approximately US$33.22 per whole share.

The deadline to submit instructions for exercise will be 13/12/2023 @16:00 (HONG KONG GMT+8).

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.

1. Account Number:
2. Name: (In Chinese or English)
3. Stock code: SRV.RT
4. Options: (1) or (2)
5. Number of shares participating in corporate actions:

Note to applicants:
1. For shareholders holding less than 1 share of SRV.RT, they cannot participate in related corporate actions.
2. Option (1) is the default option. We will help clients to choose option (1) if have not received clients’ emails.
3. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.
4. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
5. The pending orders and unsettled shares will not be accepted for the time being.
6. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.
7. If there is any update, all the information released by the listed company shall prevail.

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