The Cushing MLP Total ReturnFund (NYSE: SRV) declared its quarterly dividend of $0.225 per common share for the quarter ending May 31, 2009. The dividend will be payable on June
10, 2009 to shareholders of record on May 29, 2009. The ex-date for thedividend is May 27, 2009.
The investment objective of the Fund is to obtain a high after tax total return from a combination of capital appreciation and current income. The Fund intends to focus its investments in Master Limited Partnerships with operations in the development, production, processing, refining, transportation, storage and marketing of natural resources. The Fund may generally seek to invest in 20 to 30 issuers with generally not more than 10 percent of Managed Assets in any one issue.
Currently trading at a 27.62% premium to nav. Charges a horrible 2.56% expense ration, and a 15.99% dividend.
Disclosure: None
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