Filed pursuant to Rule 497(a)(1)
File No. 333-154880
Rule 482 ad
|
|
|
Press Release
|
|
Source: The Cushing MLP Total Return Fund |
The Cushing MLP Total Return Fund Announces Registered Sale of Equity
Tuesday, December 29, 2009
DALLAS, TEXAS The Cushing MLP Total Return Fund (NYSE: SRV) has agreed to sell 1,000,000
common shares in a registered public offering at a price of $7.53 per common share. The offering
price represents a 20% premium to the Funds net asset value published on December 23, 2009. The
common shares are being sold at a discount to the market price. The Fund will receive
approximately $7.5 million in net proceeds from the offering which will be invested in accordance
with its investment objective and policies. The offering is subject to customary closing
conditions and is expected to close on January 5, 2010, at which time the Funds total shares
outstanding will increase to 12,286,691.
A shelf registration statement relating to the common shares in this offering has been filed with
the Securities and Exchange Commission and is effective.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the
offered shares, and none of these shares may be sold in any state in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such state.
Investors are advised to carefully consider the investment objectives, risks and charges and
expenses of the Fund carefully before investing. The prospectus supplement, dated December 28,
2009, and prospectus, dated February 9, 2009, contains this and other information about the Fund
and should be read carefully before investing. The offering may be made only by means of a
prospectus and a related prospectus supplement, copies of which may be obtained by calling The
Cushing MLP Total Return Fund toll free at 1-800-622-7232.
ABOUT THE CUSHING MLP TOTAL RETURN FUND
The Cushing MLP Total Return Fund is a non-diversified, closed-end management investment company.
The Funds investment objective is to obtain a high after-tax total return from a combination of
capital appreciation and current income. No assurance can be given that the Funds investment
objective will be achieved. The Fund will seek 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 MLP investments.
The Fund
is traded on the New York Stock Exchange under the symbol SRV. The Fund
is managed by Swank Energy Income Advisors, LP, an SEC-registered
Investment Advisor headquartered in Dallas, Texas.
Contact:
The Cushing MLP Total Return Fund
For additional information contact:
Curt Pabst (214) 635-1689
www.swankcapital.com
Source: The Cushing MLP Total Return Fund
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains
forward-looking statements as defined under the U.S. federal securities laws. Generally, the
words, believe, expect, intend, estimate, anticipate, project, will and similar
expressions identify forward-looking statements, which generally are not historical in nature.
Forward-looking statements are subject to certain risks and uncertainties that could cause actual
results to differ from the Funds historical experience and its present expectations or projections
indicated in any forward-looking statements. These risks include, but are not limited to, changes
in economic and political conditions; regulatory and legal changes; MLP industry risk; leverage
risk; valuation risk; interest rate risk; tax risk; and other risks discussed in the Funds filings
with the SEC. You should not place undue reliance on forward-looking statements, which speak only
as of the date they are made. The Fund undertakes no obligation to publicly update or revise any
forward-looking statements made herein. There is no assurance that the Funds investment objectives
will be attained.