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
Friday,
March 27, 2009
DALLAS,
TEXAS The Cushing MLP Total Return Fund (NYSE: SRV) has agreed
to sell 750,000 common shares in
a registered public offering to two institutional investors at a
price of $4.50 per common share. The
offering price represents a 3.2% premium to the Funds net asset value determined immediately prior
to the pricing of the offering. The common shares are being sold at a
discount to the market price. The Fund will receive approximately
$3.335 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 March 31, 2009, at
which time the Funds total shares outstanding will increase to
10,276,607.
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 March 26, 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:
1-800-662-7232
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.