DALLAS, July 1, 2019 /PRNewswire/ -- The Cushing® Energy Income Fund
(formerly known as the Cushing® Royalty & Income Fund)
(NYSE: SRF) declared a distribution for July
2019 of $0.04 per common
share. The Fund's distribution will be payable on July 31, 2019 to shareholders of record on
July 15, 2019. The ex-date for
the Fund's distribution is July 12,
2019.
It is anticipated but not certain that approximately 100% of the
Fund's distribution will be treated as a return of capital. The
final determination of such amounts will be made and reported to
shareholders in early 2020, after the end of the calendar year when
the Fund determines its earnings and profits for the year. The
final tax status of the distributions may differ substantially from
this preliminary information.
The Fund is a non-diversified, closed-end
management investment company with an investment objective of
seeking a high total return with an emphasis on current
income. The Fund seeks to provide shareholders with a
tax-efficient vehicle to invest in a portfolio of public and
private securities of energy companies involved in exploring,
developing, producing, transporting, gathering and processing,
storing, refining, distributing, mining or marketing natural gas,
natural gas liquids (including propane), crude oil, refined
products or coal. The Fund will invest no more than 25% of
its total assets in securities of energy master limited
partnerships ("MLPs") that qualify as publicly traded partnerships
under the Internal Revenue Code. The Fund is traded on the
New York Stock Exchange under the symbol "SRF."
The Fund is managed by Cushing® Asset Management, LP
("Cushing"). No assurance can be
given that the Fund's investment objective will be achieved.
ABOUT CUSHING® ASSET
MANAGEMENT, LP
Cushing, a subsidiary of Swank
Capital, is an SEC-registered investment adviser headquartered in
Dallas, Texas. Cushing serves as investment adviser to
affiliated funds and managed accounts providing active management
in markets where inefficiencies exist. Since Cushing's
founding in 2003, they have remained a 100% independent,
employee-owned firm. As of June 30,
2019, Cushing had
approximately $2.6 billion of assets
under management in closed-end funds, mutual funds, exchange-traded
funds, privately offered funds and separately managed accounts.
Contact:
Brian
Atwood
Cushing® Asset
Management, LP
214-692-6334
www.cushingasset.com
IMPORTANT INFORMATION
This press release shall not constitute an offer
to sell or a solicitation to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer
or solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
This press release contains certain statements
that may include "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than
statements of historical fact, included herein are "forward-looking
statements." Although the Funds and Cushing believe that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the company's reports that are filed with the
Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required by law,
the Funds and Cushing do not
assume a duty to update this forward-looking statement.
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SOURCE Cushing® Asset Management, LP