DALLAS, Aug. 1, 2016 /PRNewswire/ -- The Cushing® Energy Income Fund
(formerly known as the Cushing® Royalty & Income Fund)
(NYSE: SRF) declared a distribution for August 2016 of $0.057 per common share. The Fund's distribution
will be payable on August 31, 2016 to
shareholders of record on August 17,
2016. The ex-date for the Fund's distribution is August 15, 2016.
It is anticipated but not certain that approximately 100% 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 2017, 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 Fund is a non-diversified, closed-end management investment
company with an investment objective of seeking a high total return
with an emphasis on current income. The Fund seeks to provide
shareholders with a tax-efficient vehicle to invest in a portfolio
of energy-related U.S. royalty trusts, exploration and production
master limited partnerships (E&P MLPs) and Canadian royalty
trusts and exploration and production companies and other energy
assets. The Fund's Board of Trustees approved modifications
to certain non-fundamental investment policies, which will become
effective as of October 1,
2016. Under the modified investment policies, the Fund will
focus on a wider array of exploration and production ("E&P")
companies, including large cap E&P companies and integrated
energy companies with significant E&P activities. The Fund is
traded on the New York Stock Exchange under the symbol "SRF."
The Fund is managed by Cushing® Asset Management, LP
("Cushing"). No assurance can be
given that the Fund's investment objective will be achieved.
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 which invest primarily in
securities of MLPs and other natural resource companies. As
of June 30, 2016, Cushing had approximately $3.4 billion of assets under management in
closed-end funds, mutual funds, privately offered funds and
separately managed accounts.
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.
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SOURCE Cushing Asset Management, LP