Cushing® MLP Total Return Fund Announces Monthly Distribution

By a News Reporter-Staff News Editor at Investment Weekly News — The Cushing® MLP Total Return Fund (NYSE: SRV) declared a distribution for January 2018 of $0.0903 per common share. The Fund’s distribution will be payable on January 31, 2018 to shareholders of record on January 19, 2018. The ex-date for the Fund’s distribution is January 18, 2018.

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 2019, 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.

The 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 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® Asset Management, LP. 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 which invest primarily in securities of MLPs and other natural resource companies. As of December 31, 2017, Cushing had approximately $3.8 billion of assets under management in closed-end funds, mutual funds, privately offered funds and separately managed accounts.

Keywords for this news article include: Investment and Finance, Cushing Asset Management Lp.

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