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.
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.
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 + 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