Cushing® Energy Income Fund Announces Monthly Distribution

DALLAS, Dec. 2, 2019 /PRNewswire/ -- The Cushing^® Energy Income Fund (formerly known as the Cushing^® Royalty & Income Fund) (NYSE: SRF) declared a distribution for December 2019 of $0.04 per common share. The Fund's distribution will be payable on December 31, 2019 to shareholders of record on December 16, 2019.  The ex-date for the Fund's distribution is December 13, 2019.

It is anticipated but not certain that none of the Fund's distribution will be treated as a return of capital. The final determination of the tax treatment of this and the Fund's other 2019 distributions will be made and reported to shareholders in early 2020, when the Fund determines its earnings and profits for the fiscal year. The final tax status of the Fund's distribution 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 public and private securities of energy companies involved in exploring, developing, producing, transporting, gathering and processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined products or coal.  The Fund will invest no more than 25% of its total assets in securities of energy master limited partnerships ("MLPs") that qualify as publicly traded partnerships under the Internal Revenue Code.  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 providing active management in markets where inefficiencies exist.  Since Cushing's founding in 2003, it has remained a 100% independent, employee-owned firm.  As of September 30, 2019, Cushing had approximately $2.0 billion of assets under management in closed-end funds, mutual funds, exchange-traded funds, privately offered funds and separately managed accounts.

Contact:
Brian Atwood
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.

SOURCE Cushing Asset Management, LP

Related Links

http://www.cushingasset.com