DALLAS, Nov. 19, 2021 /PRNewswire/ -- The
Cushing® MLP & Infrastructure Total Return Fund
(NYSE: SRV) and The Cushing® NextGen Infrastructure
Income Fund (NYSE: SZC), each a non-divserified, closed-end
management investment company (the "Funds," and each a
"Fund"), announced today that Brenda
A. Cline, a member of the Board of Trustees of each Fund
(the "Boards," and each a "Board"), has resigned her role as a
trustee of each Fund, effective immediately. Each Board has
appointed Andrea N. Mullins to serve
as an independent trustee of each Fund to fill the seat vacated
upon the resignation of Ms. Cline for the remainder of Ms. Cline's
term. Ms. Mullins will serve as a Class II trustee of each Fund.
The term of the Class II trustees of The Cushing® NextGen Infrastructure
Income Fund continues until the annual meeting of shareholders to
be held in 2022. The term of the Class II trustees of The
Cushing® MLP &
Infrastructure Total Return Fund continues until the annual meeting
of shareholders to be held in 2024.
Also, effective immediately, Ms. Mullins has been appointed as a
member of the Nominating and Corporate Governance Committee and as
a member and Chair of the Audit Committee of each Board.
Through her former positions in senior financial roles at asset
management companies and as a certified public accountant, Ms.
Mullins has experience as a leader overseeing, conceiving,
implementing and analayzing strategic and financial growth plans
and financial statements. Ms. Mullins also has experience in the
auditing of financial statements and related materials. In
addition, she has experience as a director of various
organizations, including registered investment companies.
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
View original
content:https://www.prnewswire.com/news-releases/cushing-mlp--infrastructure-total-return-fund-and-cushing-nextgen-infrastructure-income-fund-announce-trustee-resignation-and-trustee-appointment-301429416.html
SOURCE Cushing® Asset Management, LP