DALLAS, July 27, 2012 /PRNewswire/ -- The Cushing ® MLP Total Return Fund (NYSE: SRV) (the "Fund") declared a quarterly distribution of $0.225 per common share for the fiscal quarter ending August 31, 2012. The distributions will be payable on September 10, 2012 to shareholders of record on August 29, 2012. The ex-date for the distributions is August 27, 2012. With the payment of this quarter's distributions, SRV shareholders will have realized aggregate distributions of $4.96 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 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 distribution may differ substantially from this preliminary information.
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 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"), is a wholly-owned subsidiary of Swank Capital, LLC and an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds, which invest primarily in securities of MLPs and other natural resource companies. As of June 30, 2012, Cushing had approximately $2 billion of assets under management in closed-end funds, an open-end fund, privately offered funds and separately managed accounts. Cushing 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". Contact:The Cushing® MLP Total Return FundFor additional information contact: Gavin Worthy 1-214-635-1686 email@example.com www.swankcapital.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV