Cushing MLP Total Return Fund Declares Quarterly Distribution for the Fiscal Quarter Ending February 28, 2013, Announces Appointment of N. Paul Euseppi as Portfolio Management Team
January 25, 2013 at 11:12 am EST
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Cushing MLP Total Return Fund declared a quarterly distribution for the fiscal quarter ending February 28, 2013 of $0.225 per common share. The fund's distribution will be payable on March 20, 2013 to shareholders of record on February 28, 2013. The ex-date for the fund's distribution is February 26, 2013.
The fund also announced that N. Paul Euseppi has joined the portfolio management team responsible for the day-to-day management of the Fund's portfolio. N. Paul Euseppi joined the fund's investment adviser, Cushing MLP Asset Management, LP, in 2008.
NXG Cushing Midstream Energy Fund, formerly The Cushing MLP & Infrastructure Total Return Fund, is a non-diversified, closed-end management investment company. The Fundâs investment objective is to seek a high after-tax total return from a combination of capital appreciation and current income. The Fund will pursue its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments. It considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that provide midstream services in the energy infrastructure sector, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, biofuels, carbon sequestration and others. Its investment advisor is Cushing Asset Management, LP.
Cushing MLP Total Return Fund Declares Quarterly Distribution for the Fiscal Quarter Ending February 28, 2013, Announces Appointment of N. Paul Euseppi as Portfolio Management Team