Cushing MLP Total Return Fund Agrees to Two Registered Public Offerings

摘要

The Cushing MLP Total Return Fund, managed by Swank Energy Income Advisors, reached two agreements to sell a total of 750,000 of its common shares to two institutional investors at $4.50 per common share. The agreement, expected to generate $3.335 million in net proceeds, is a registered public offering that increases the company's total outstanding shares to 10,276,607. Cushing MLP intends on using these proceeds in accordance with its investment goals and policies.