Return Fund (NYSE: SRV) Announces Distributions

Rhea-AI Summary

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) has announced monthly distributions of $0.15 per common share for June, July, and August 2022. The record and ex-dividend dates for these distributions are outlined as follows: June 14 (ex June 13), July 18 (ex July 15), and August 16 (ex August 15), with payment dates on June 30, July 29, and August 31 respectively. Approximately 97% of the distributions are estimated to be treated as a return of capital. The Fund's investment strategy focuses on energy infrastructure MLPs.

Positive

• Monthly distributions of $0.15 per share announced for three consecutive months.
• Estimated 97% of distributions treated as a return of capital.

Negative

• None.

DALLAS, June 1, 2022 /PRNewswire/ -- The Cushing^® MLP & Infrastructure Total Return Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.15 per common share for each of June, July, and August, 2022.  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
6/14/22	6/13/22	6/30/22	$0.15	52%
7/18/22	7/15/22	7/29/22	$0.15	52%
8/16/22	8/15/22	8/31/22	$0.15	52%

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 97% 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.

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 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of energy infrastructure master limited partnerships ("MLPs") and MLP-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.

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 leverage financing facility, , 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 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
Source: Cushing^® Asset Management, LP

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/return-fund--nyse-srv-announces-distributions-301559085.html

SOURCE Cushing® Asset Management, LP

FAQ

What is the distribution amount for SRV for June, July, and August 2022?

The distribution amount for SRV is $0.15 per common share for each of June, July, and August 2022.

What are the ex-dividend dates for SRV in 2022?

The ex-dividend dates for SRV are June 13, July 15, and August 15, 2022.

What percentage of SRV's distributions is expected to be a return of capital?

Approximately 97% of SRV's distributions are expected to be treated as a return of capital.

When will the payments for SRV's distributions be made?

Payments for SRV's distributions will be made on June 30, July 29, and August 31, 2022.