DALLAS, May 1, 2020 Cushing Asset Management
("Cushing") announces the
results of the joint special meeting of shareholders of The
Cushing® Energy Income
Fund (NYSE: SRF) and The Cushing® MLP & Infrastructure
Total Return Fund (NYSE: SRV) relating to the proposed merger of
SRF with and into SRV (the "Merger") that occurred today.
At the special meeting, shareholders of SRF voted to approve the
Merger.
The special meeting was adjourned with respect to SRV in order
to allow shareholders of SRV additional time to vote on the Merger.
Although the substantial majority of SRV's shareholders who have
voted their shares in connection with the special meeting have
voted to approve the Merger, SRV has not obtained the vote required
to approve the Merger. The merger is contingent upon the approval
of sharheolders of both Funds.
The special meeting for SRV will reconvene on Friday, May 8, 2020 at 9:00 a.m. Central time. The reconvened special
meeting will be held in a virtual format. Shareholders will not be
able to attend the reconved special meeting in person.
If you were a record holder of SRV shares, in order to
participate in the reconvened special meeting, please email
Georgeson, the Funds' proxy solicitor, at
USProxyServices@georgeson.com, provide your full name and address
and include the Fund name in the subject line. Georgeson will then
email you the virtual meeting access information and instructions
for voting during the reconvened special meeting.
If you held your SRV shares in a brokerage account or through a
bank or other nominee, in order to participate in and vote during
the reconvened special meeting, you must first request and obtain a
"legal proxy" from your broker, bank or other nominee reflecting
the Fund name, the number of Fund shares you held, as well as your
name and email address. To participate in the reconvened special
meeting, please forward an email from your intermediary containing
the legal proxy or attach an image of the legal proxy, email it to
Georgeson at USProxyServices@georgeson.com and put the Fund names
and "Legal Proxy" in the subject line. Georgeson will then email
you the virtual meeting access information and instructions for
voting during the reconvened special meeting.
Requests for registration for the reconvened special meeting
must be received by Georgeson no later than 5:00 p.m. Eastern Time on May 6, 2020. Please contact Georgeson at (877)
255-0134 with any questions regarding accessing the reconvened
special meeting.
Whether or not you plan to participate in the reconvened special
meeting, we urge you to complete your proxy card, date and sign it
and return it promptly, or record your voting instructions by
telephone or via the internet, as described in the proxy materials,
no matter how large or small your holdings may be. If you submit a
properly executed proxy but do not mark how you wish your shares to
be voted, your shares will be voted "FOR" each proposal, as
applicable. The proxy card included with the previously distributed
proxy materials may continue to be used to vote your shares in
connection with the reconvened special meeting. If your shares are
held through a broker, you must provide voting instructions to your
broker about how to vote your shares in order for your broker to
vote your shares as you instruct at the reconvened special
meeting.
Additional 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.
The Funds filed with the SEC and mailed to shareholders a Proxy
Statement/Prospectus and other relevant materials. FUND
SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND
OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION
ABOUT THE FUNDS AND THE PROPOSALS SET FORTH THEREIN. Shareholders
may obtain the Proxy Statement/Prospectus and other relevant
materials and any other documents filed by the Funds with the SEC,
free of charge, from the SEC's website at www.sec.gov. Shareholders
also may obtain free copies of the Proxy Staetment/Prospectus, the
other relevant materials and other documents filed with the
SEC by calling the Funds toll-free at (888) 777-2346.
The Proxy Statement/Prospectus is also available at
https://www.proxy-direct.com/cus-31148.
There can be no assurance that the Funds will achieve their
investment objectives. Investments in the Funds involve operating
expenses and fees. The net asset value of the Funds 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, 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
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content:http://www.prnewswire.com/news-releases/cushing-announces-results-and-adjournment-of-special-shareholder-meeting-relating-to-merger-of-certain-closed-end-funds-301051098.html
SOURCE Cushing Asset Management, LP and Swank Capital, LLC