Cushing MLP & Infrastructure Total Return Fund : Infrastructure Fund 2019 8937 Unfillable v2

Form 8937

Report of Organizational Actions

Affecting Basis of Securities

OMB No. 1545-2224

(December 2011)

Department of the Treasury

See separate instructions.

Internal Revenue Service

Part I

Reporting

Issuer

1 Issuer's name

2 Issuer's employer identification number (EIN)

Cushing NextGen Infrastructure Fund

30-1011881

3 Name of contact for additional information

4 Telephone No. of contact

5 Email address of contact

ANGELA A. TER MAAT

414-287-3013

[e-mail]

6 Number and street (or P.O. box if mail is not delivered to street address) of contact

7 City, town, or post office, state, and Zip code of contact

777 EAST WISCONSIN AVENUE

MILWAUKEE, WISCONSIN, 53202

8 Date of action

9

Classification and description

REFER TO ATTACHED SCHEDULE

NONTAXABLE RETURN OF CAPITAL DISTRIBUTION

10 CUSIP number

11 Serial number(s)

12 Ticker symbol

13

Account number(s)

231632308

NXGAX, PCPEX, NXGNX

Part II Organizational Action Attach additional statements if needed. See back of form for additional questions.

14 Describe the organizational action and, if applicable, the date of the action or the date against which shareholders' ownership is measured for

the action	THE CUSHING NEXTGEN INFRASTRUCTURE FUND PAID A NONTAXABLE RETURN OF CAPITAL
DISTRIBUTION TO SHAREHOLDERS. PLEASE REFER TO ATTACHED SCHEDULE.

15 Describe the quantitative effect of the organizational action on the basis of the security in the hands of a U.S. taxpayer as an adjustment per

share or as a percentage of old basis	FOR THE TOTAL NONTAXABLE RETURN OF CAPITAL PORTION OF THE DIVIDEND PAID TO
SHAREHOLDERS, PLEASE REFER TO ATTACHED SCHEDULE.

16 Describe the calculation of the change in basis and the data that supports the calculation, such as the market values of securities and the

valuation dates	THE TAX BASIS IS LOWERED BY THE PER SHARE AMOUNT FOR THE SHAREHOLDERS.
PLEASE REFER TO THE ATTACHED SCHEDULE. THE RATE WAS DETERMINED IN ACCORDANCE WITH IRC §301 and IRC §316.

For Paperwork Reduction Act Notice, see the separate Instructions.

Cat. No. 37752P

Form 8937 (12-2011)

Form 8937 (Rev. 12-2011)	Page 2
Part II	Organizational Action (continued)

17 List the applicable Internal Revenue Code section(s) and subsection(s) upon which the tax treatment is based	IRC §301, §316

18 Can any resulting loss be recognized? NO LOSS CAN BE RECOGNIZED ON THE DISTRIBUTIONS PAID TO THE

SHAREHOLDERS. PLEASE REFER TO ATTACHED SCHEDULE.

19 Provide any other information necessary to implement the adjustment, such as the reportable tax year	THE INFORMATION PROVIDED
ABOVE WILL BE PROVIDED ON THE SHAREHOLDERS 2019 1099 DIV STATEMENT BOX 3.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign
Here Signature				Date
	Print your name			Title
Paid		Print/Type preparer's name	Preparer's signature		Date	Check	if	PTIN
Preparer							self-employed
Use Only	Firm's name					Firm's EIN
Firm's address					Phone no.

Send Form 8937 (including accompanying statements) to: Department of the Treasury, Internal Revenue Service, Ogden, UT 84201-0054

FORM 8937 Report of Organizational Actions Affecting Basis of Securities

Cushing NextGen Infrastructure Fund

EIN : 30‐1011881

		Box 10		Box 12
Part I		Cusip Number		Ticker Symbol
	231632100		NXGAX
	231632209		PCPEX
	231632308		NXGNX

Part II, Organizational action on the basis of the security in the hands of a U.S. taxpayer:

		231632100		NXGAX
			Total	Total
Record	Ex‐Dividend	Payable	Distribution	ROC
Date	Date	Date	Per Share	Per Share
2/26/2019	2/27/2019	2/28/2019	$0.282500	$0.282500
5/29/2019	5/30/2019	5/31/2019	$0.259700	$0.259700
8/28/2019	8/29/2019	8/30/2019	$0.261800	$0.261800
11/26/2019	11/27/2019	11/29/2019	$0.298800	$0.298800
		231632209		PCPEX
2/26/2019	2/27/2019	2/28/2019	$0.282500	$0.282500
5/29/2019	5/30/2019	5/31/2019	$0.259700	$0.259700
8/28/2019	8/29/2019	8/30/2019	$0.261800	$0.261800
11/26/2019	11/27/2019	11/29/2019	$0.298800	$0.298800
		231632308		NXGNX
2/26/2019	2/27/2019	2/28/2019	$0.282500	$0.282500
5/29/2019	5/30/2019	5/31/2019	$0.259700	$0.259700
8/28/2019	8/29/2019	8/30/2019	$0.261800	$0.261800
11/26/2019	11/27/2019	11/29/2019	$0.298800	$0.298800