DALLAS, May 8, 2020 /PRNewswire/ -- Cushing Asset
Management, LP ("Cushing")
announces today that at a reconvened special meeting of
shareholders of The Cushing® MLP & Infrastructure
Total Return Fund (NYSE: SRV), shareholders voted to approve the
merger of The Cushing®
Energy Income Fund (NYSE: SRF) with and into SRV (the
"Merger"). Shareholders of SRF approved the Merger at the
special meeting of shareholders held on May
1, 2020.
It is currently expected that the Merger will be effective after
the close of trading on the New York Stock Exchange on May 29, 2020, subject to the satisfaction of
customary closing conditions.
Additional 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.
There can be no assurance that the Funds will achieve their
investment objectives. Investments in the Funds involve operating
expenses and fees. The net asset value of the Funds will fluctuate
with the value of the underlying securities. It is important to
note that closed-end funds trade on their market value, not net
asset value, and closed-end funds often trade at a discount to
their net asset value.
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.
Contact:
Blake
Nelson
Cushing® Asset
Management, LP
214-692-6334
www.cushingasset.com
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SOURCE Cushing Asset Management, LP and Swank Capital, LLC