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Cushing® Renaissance Fund Announces Monthly Distribution

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

DALLAS, Feb. 1, 2018 /PRNewswire/ — The Cushing® Renaissance Fund (NYSE: SZC) declared a distribution for February 2018 of $0.1367 per common share. The Fund’s distribution will be payable on February 28, 2018 to shareholders of record on February 16, 2018.  The ex-date for the Fund’s distribution is February 15, 2018.

It is anticipated but not certain that approximately 83% of the Fund’s distribution will be treated as a return of capital. The final determination of such amounts will be made and reported to shareholders in early 2019, after the end of the calendar year when the Fund determines its earnings and profits for the year. The final tax status of the distribution may differ substantially from this preliminary information.

The Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high total return with an emphasis on current income.  The Fund seeks to provide shareholders with a vehicle to invest in an actively managed portfolio of companies that may benefit from the developing U.S. energy, industrial and manufacturing renaissance.  The Fund is traded on the New York Stock Exchange under the symbol “SZC.”

The Fund is managed by Cushing® Asset Management, LP (“Cushing”). No assurance can be given that the Fund’s investment objectives will be achieved.

ABOUT CUSHING® ASSET MANAGEMENT, LP

Cushing, a subsidiary of Swank Capital, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of MLPs and other natural resource companies.  As of December 31, 2017, Cushing had approximately $3.6 billion of assets under management in closed-end funds, mutual funds, privately offered funds and separately managed accounts. 

Contact:
Judson Redmond
Cushing® Asset Management, LP
214-635-1702
www.swankcapital.com

IMPORTANT INFORMATION

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Distributions shall be payable when and to the extent declared by the Board of Trustees.  The Fund reserves the right to change its distribution policy and the basis for establishing the rate of distributions at any time.

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of

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