DALLAS, Nov. 18, 2011 /PRNewswire/ -- The Cushing® MLP
Total Return Fund (NYSE: SRV) (the "Fund") declared a quarterly
distribution of $0.225 per common
share for the quarter ending November 30,
2011. The distribution will be payable on December 15, 2011 to shareholders of record on
December 8, 2011. The ex-date for the
distribution is December 6, 2011.
With the payment of this quarter's distribution, Fund
shareholders will have realized aggregate distributions of
$4.29 per share since inception.
It is anticipated but not certain that a majority of this
distribution will be treated as a return of capital. The final
determination of such amount will be made in early 2012, after the
end of the calendar year when the Fund determines its earnings and
profits for the year. The final tax status of the distribution may
differ substantially from this preliminary information.
In addition, at a regularly scheduled meeting today, the Board
of Trustees of the Fund approved the appointment of Ernst &
Young, LLP to serve as the Fund's independent registered public
accounting firm for the fiscal year ending November 30, 2011.
The Cushing® MLP Total Return Fund is a non-diversified,
closed-end management investment company. The Fund's investment
objective is to obtain a high after-tax total return from a
combination of capital appreciation and current income. No
assurance can be given that the Fund's investment objective will be
achieved. The Fund seeks to achieve its investment objective by
investing, under normal market conditions, at least 80% of its net
assets, plus any borrowings for investment purposes, in master
limited partnership ("MLP") investments.
The Fund is traded on the New York Stock Exchange under the
symbol "SRV." The Fund is managed by Cushing® MLP Asset Management,
LP, an SEC-registered investment adviser headquartered in
Dallas, Texas.
ABOUT CUSHING® MLP ASSET MANAGEMENT, LP
Cushing® MLP Asset Management, LP ("Cushing MLP"), is a
wholly-owned subsidiary of Swank Capital, LLC and an SEC-registered
investment adviser headquartered in Dallas, Texas. Cushing MLP serves as
investment adviser to affiliated funds, which invest primarily in
securities of MLPs, and other natural resource companies. Cushing
MLP is also the sponsor of The Cushing® 30 MLP Index, a fundamental
based North American energy infrastructure index comprised of 30
equally weighted publicly traded MLPs, and The Cushing® MLP High
Income Index, which tracks the performance of 30 publicly traded
energy and shipping MLP securities with an emphasis on current
yield. The Cushing® 30 MLP Index is calculated by Standard &
Poor's and reported under the Bloomberg ticker "MLPX" and FactSet
Ticker "MLPX-CME". The Cushing® 30 MLP High Income Index is
calculated by Standard & Poor's and reported on a real-time
basis under the Bloomberg ticker "MLPY" and FactSet ticker
"MLPH-CME". Cushing MLP continues to expand its platform of
MLP-related investment products, leveraging extensive industry
contacts and unparalleled research depth to drive both passive and
actively managed investment opportunities for individual and
institutional investors. Cushing MLP seeks to identify and exploit
investment niches it believes are generally less understood and
less followed by the broader investor community.
www.swankcapital.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 Fund and Cushing MLP 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 Fund and Cushing MLP do not assume a duty to update this
forward-looking statement.
The Cushing® 30 MLP Index and the Cushing® MLP High Income Index
are the exclusive property of Swank Capital, LLC, which has
contracted with the Standard & Poor's ("S&P") to maintain
and calculate each Index. Standard & Poor's® and S&P® are
registered trademarks of Standard & Poor's Financial Services
LLC "Calculated by S&P Custom Indices" and it related stylized
mark(s) are service marks of Standard & Poor's Financial
Services LLC and have been licensed by use by Swank Capital, LLC.
S&P and its affiliates shall have no liability for any errors
or omissions in calculating either Index.
SOURCE The Cushing MLP Total Return Fund