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I.
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NAMED
INSURED:
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The
Cushing MLP Total Return Fund
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II.
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INSURED
ADDRESS:
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3300
Oak Lawn
Avenue
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Dallas, TX
75219
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III.
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INSURING
COMPANY
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Hartford Fire Insurance
Company
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IV.
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BOND
FORM:
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Investment Company Blanket
Bond
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V.
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PROPOSED
BOND PERIOD:
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From:
July 10, 2008 To: July I
0,2009
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VL.
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BINDER
PERIOD:
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From effective date until
execution of'
bond
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VIL.
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POLICY
NUMBER:
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F10244286-08
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LIMIT
OF LIABILITY/DEDUCTIBLE
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||||||
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Quote #
1
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||||||
| INSURING AGREEMENTS: | ||||||
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Limit
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Deductible
|
|||||
| I. |
Employee
|
$1,000,000
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$0
|
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| II. |
Premises
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$1,000,000
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$10,000
|
|||
| III. |
Transit
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$1,000,000
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$10,000
|
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| IV. |
Forgery
or alteration
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$1,000,000
|
$10,000
|
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| V. |
Securities
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$1,000,000
|
$10,000
|
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| VI. |
Counterfeit
Currency
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$1,000,000
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$10,000
|
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| VII. |
Computer
Systems Fraudulent Entry
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$1,000,000
|
$10,000
|
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| VIII. |
Voice
Initiated Transaction
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$1,000,000
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$10,000
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| IX. |
Telefacsimile
Transfer Fraud
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$1,000,000
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$10,000
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| X. |
Uncollectible
Items of Deposit
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$25,000
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$1,000
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| XI. |
Audit
Expense
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$25,000
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$1,000
|
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| XII. |
Stop
Payment
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$25,000
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$1,000
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| XIII. |
Unauthorized
Signatures
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$25,000
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$1,000
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|
||||||
| Annual Premium |
$3,496
|
|||||
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*
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Limit of
insurance
In excess
of
the
Deductible
|
|
**
|
Deductible Each
Claim
|
|
**'
|
Statutory
taxes,
fees
and/or
guarantee
fund
taxes
and other
applicable state
specific premium surcharges are
separate
and
in
addition
to
the indicated
premium
|
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IX.
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ADDITIONAL
CONDITIONS:
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Binder
for Insurance
Page 3 of
3
|
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X.
|
RlDERS,
EXCLUSIONS AND LIMITATIONS:
|
|
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All
riders
as expiring.
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Note Endorsement titles are used
for
ease of
reference only. I f you have questions regarding
the scope of the above
endorsements, please
request a specimen copy
using the corresponding
reference number above
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XI
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SUBJECTIVES:
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The
above is subject to the underwriter's receipt, review and acceptance of
'the following prior to binding:
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NONE
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Return
Remittance to:
Via Check
(Make payable to Hartford Fire Insurance Company)
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Hartford
Fire Insurance
Company
|
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C/O Bank of
America
|
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3793 Collection Center
Dr
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Chicago,
IL 60693
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Via Wire
Transfer
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ABA
Number:
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111000012
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For Account:
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Hartford
Fire Insurance Company
|
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Account
Number:
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375-157-7481
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Reference:
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Premium must be paid within thirty (30) days of the policy effective
date
This is a
temporary and conditional binder and is conditioned upon underwriter’s
receipt, review and acceptance of the additional information specified
above If any such
information is not received, reviewed and accepted on or before date specified
above, then this binder and any policy issued pursuant thereto w ill be automatically null and
void ab initio and have no
effect
Please be
aware that if prior to the effective date of the policy period there is:
a) any
material change in the information requested by and/or submitted to Hartford Bond, or
b) any material change in the hazard or risk contemplated
in this quotation, the applicant must advise
Hartford Bond immediately and prior to the effective date of the
policy period Hartford Bond fully reserves its rights with respect to the acceptance or denial of this risk in the event of any of the
above.
Additionally, please be aware that
if prior to
the effective date of' the policy
period there is any claim made against any insured or if any insured discovers
a potential claim, occurrence,
circumstance or wrongful act, whether or not notice is given under the expiring
policy, then this binder and any policy issued pursuant
thereto will be automatically null and void ab initio and have no
effect
Sincerely,
Kenneth
McNally
Underwriter
Fidelity
Bond Insurance Resolutions:
WHEREAS, the Fund is currently
insured against loss arising from larceny or embezzlement under a single insured
fidelity bond offered through Hartford Fire Insurance Company insuring the Fund
in the amount of $1,000,000 (the “Fidelity Bond”);
WHEREAS, the Board of Trustees
has considered the adequacy and reasonableness of the Fidelity Bond with due
consideration to (i) the amount and type of coverage provided by the Fidelity
Bond, (ii) the aggregate value of the assets of the Fund to which any person
covered by the Fidelity Bond may have access, (iii) the types and terms of the
arrangements made by the Fund for the custody and safekeeping of its assets,
(iv) the nature of the securities in the Fund’s portfolio, (v) the nature and
method of conducting the Fund’s operations, and (vi) the accounting procedures
and controls of the Fund and has determined that the form of the single insured
fidelity bond is reasonable;
WHEREAS, the Board of Trustees
has considered the adequacy of the fidelity bond coverage in the amount of
$1,000,000 in light
of the requirements of Section 17(g) of, and Rule 17g-1 under, the
Investment Company Act of 1940 (the “1940 Act”) and has determined that the form
of coverage is reasonable; now, therefore, be it
RESOLVED, that the Board of
Trustees, including a majority of the Independent Trustees, hereby approves the
Fidelity Bond for renewal for a one-year term commencing July 10, 2008 and the annual premium therefor in the amount of
$3,496; and
further
RESOLVED, that in accordance
with Rule 17g-1(h) under the 1940 Act, the Secretary of the Fund is hereby
designated as the officer of the Fund who is authorized and directed to make the
filings with the Securities and Exchange Commission and give the notices
required by Rule 17g-1(g); and further
RESOLVED, that the officers of
the Fund be, and they hereby are, authorized and directed at all times to take
all actions necessary, including adjusting or increasing the coverage of the
Fund under the Fidelity Bond, to assure compliance with these resolutions and
Rule 17g-1.