DALLAS, Nov. 29, 2012 /PRNewswire/ -- The
Cushing® MLP Total Return Fund (NYSE: SRV) declared
quarterly distributions for the fiscal quarter ending November 30, 2012 of $0.225 per common share. The Fund's distributions
will be payable on December 21, 2012
to shareholders of record on December
19, 2012. The ex-date for the Fund's distribution is
December 17, 2012.
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It is anticipated but not certain that a majority 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 2013, 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 Cushing® MLP
Total Return Fund is a non-diversified, closed-end management
investment company with an investment objective of seeking a high
after-tax total return from a combination of capital appreciation
and current income. 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 MLP investments. The Fund is traded on the New York Stock
Exchange under the symbol "SRV."
The Cushing® MLP
Total Return Fund is managed by Cushing® MLP Asset Management, LP,
an SEC-registered investment adviser headquartered in Dallas, Texas. No assurance can be given that
the Fund's investment objective will be achieved.
ABOUT CUSHING® MLP
ASSET MANAGEMENT, LP
Cushing® MLP 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 which
invest primarily in securities of MLPs and other natural resource
companies. As of October 31,
2012, Cushing had
approximately $2.3 billion of assets
under management in closed-end funds, mutual funds, privately
offered funds and separately managed accounts.
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.
www.swankcapital.com
SOURCE Cushing MLP Asset Management, LP