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Article: The Cushing MLP Total Return Fund Completes Registered Sale of Equity.

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PR Newswire
Article date:
May 9, 2008
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DALLAS, May 9 /PRNewswire-FirstCall/ -- The Cushing MLP Total Return Fund has sold $12,474,653 of equity in a registered public offering to an institutional investor. Shares issued in the sale totaled 707,581 and brings the Fund's total shares outstanding to 9,462,817. The shares were issued at a price of $17.63, which was equal to the Fund's NAV determined immediately prior to the sale. The offering price and NAV represent a 1.26% premium to the Fund's closing price of $17.41 on Thursday, May 8, 2008.

"We are pleased to be able to accommodate this institution's interest in making a substantial investment in The Cushing MLP Total Return Fund through this sale. ...

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