Cushing® MLP & Infrastructure Total Return Fund (NYSE: SRV) Announces Distributions

Rhea-AI Summary

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) announced monthly distributions of $0.45 per common share for December 2022 and January 2023. The record dates for these payments are December 13 and January 18, with ex-dividend dates on December 12 and January 17, and payments scheduled for December 30 and January 31

Additionally, approximately 86% of these distributions are expected to be treated as a return of capital, based on current earnings estimations.

Positive

• Monthly distributions set at $0.45 per share for December 2022 and January 2023.
• Approximately 86% of distributions will be treated as a return of capital, which could be beneficial for tax purposes.

Negative

• None.

DALLAS, Dec. 1, 2022 /PRNewswire/ -- The Cushing® MLP & Infrastructure Total Return Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of December 2022 and January 2023.  These monthly distributions will be payable to common shareholders pursuant to the table below:

Record Date	Ex-Dividend Date	Payment Date	Distribution Amount	Return of Capital Estimate1
12/13/2022	12/12/2022	12/30/2022	$0.45	86 %
01/18/2023	01/17/2023	01/31/2023	$0.45	86 %

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 approximately 86% of the Fund's distributions will be treated as a return of capital. The final determination of such amounts will be made and reported to shareholders in early 2023, 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.

The 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 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of energy infrastructure midstream and related investments. The Fund will invest no more than 25% of its Managed Assets in securities of MLPs that qualify as publicly traded partnerships under the Internal Revenue Code. The Fund's shares are traded on the New York Stock Exchange under the symbol "SRV."

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.

ABOUT CUSHING® ASSET MANAGEMENT, LP

Cushing is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts.

Contact:
Blake Nelson
Cushing® Asset Management, LP
214-692-6334
www.cushingasset.com
www.cushingcef.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 Fund 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 Fund 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-nyse-srv-announces-distributions-301691610.html

SOURCE Cushing® Asset Management, LP

FAQ

What are the distribution amounts for SRV in December 2022 and January 2023?

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) declared monthly distributions of $0.45 per share for both December 2022 and January 2023.

What are the record and ex-dividend dates for SRV's distributions?

The record date for the December distribution is December 13, 2022, with an ex-dividend date of December 12, 2022. For January, the record date is January 18, 2023, and the ex-dividend date is January 17, 2023.

When will SRV's distributions be paid?

The distributions for SRV will be paid on December 30, 2022, for December's distribution, and on January 31, 2023, for January's distribution.

What percentage of SRV's distributions will be treated as a return of capital?

Approximately 86% of the Fund's distributions are expected to be treated as a return of capital.

What is the investment objective of the Cushing MLP & Infrastructure Total Return Fund?

The Fund aims to achieve a high after-tax total return from a combination of capital appreciation and current income, primarily by investing in energy infrastructure midstream and related investments.