Cushing® MLP & Infrastructure Total Return Fund Announces Distributions
The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has declared a monthly distribution of $0.12 per common share for December 2021 and January 2022. The ex-dates for these distributions are 12/10/21 and 1/14/22, with payment dates set for 12/31/21 and 1/31/22, respectively. The Fund anticipates that the distributions may be treated as a return of capital. The Fund primarily invests in energy infrastructure MLPs, aiming for high after-tax total returns. However, future distributions are subject to compliance and performance considerations.
- Monthly distribution of $0.12 per share for December 2021 and January 2022.
- Targeting high after-tax total return through MLP investments.
- Future distributions are not guaranteed and depend on financial performance.
- The distributions may be treated as a return of capital, indicating potential risks for investors.
DALLAS, Dec. 1, 2021 /PRNewswire/ -- The Cushing® MLP & Infrastructure Total Return Fund (NYSE: SRV) (the "Fund") declared its monthly distribution of
Ex-Date | Record Date | Payment | Distribution | Return of Capital |
12/10/21 | 12/13/21 | 12/31/21 | ||
1/14/22 | 1/18/22 | 1/31/22 |
1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year. It is currently anticipated, but not certain, that the Fund's distributions will be treated as a return of capital as depicted above. The final determination of such amounts will be made and reported to shareholders shortly after the end of the calendar year when the Fund determines its earnings and profits for the year. The final tax status of each distribution may differ substantially from this preliminary information.
Each distribution shall be paid on the payment date unless the payment of such distribution is deferred by the Fund's Board of Trustees upon a determination that such deferral is required in order to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they become due and continue as a going concern.
ADDITIONAL INFORMATION ABOUT THE FUND
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
There can be no assurance that the Fund will achieve its investment objectives. Investments in the Fund involve operating expenses and fees. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.
Future distributions will be made by the Fund if and when declared by the Fund's Board of Trustees, based on a consideration of number of factors, including the Fund's continued compliance with terms and financial covenants of its senior securities, the Fund's net investment income, financial performance and available cash. There can be no assurance that the amount or timing of distributions in the future will be equal or similar to that described herein or that the Board of Trustees will not decide to suspend or discontinue the payment of distributions in the future.
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 providing active management in markets where inefficiencies exist.
Contact:
Blake Nelson
Cushing® Asset Management, LP
214-692-6334
www.cushingasset.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 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.
View original content:https://www.prnewswire.com/news-releases/cushing-mlp--infrastructure-total-return-fund-announces-distributions-301435196.html
SOURCE Cushing® Asset Management, LP
FAQ
What is the monthly distribution amount for SRV?
When are the ex-dates for SRV's December 2021 and January 2022 distributions?
What is the payment date for SRV's distributions?
Will SRV's distributions be considered a return of capital?
What is SRV's investment focus?
