The Cushing Mlp & Infrastructure Total Return Fund Announces Executive Changes
December 16, 2021 at 04:30 pm EST
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The Cushing MLP & Infrastructure Total Return Fund announced that effective on or about December 31, 2021, Jerry V. Swank will retire and will no longer serve as portfolio manager for the Fund or as President of the Fund. Mr. John H. Alban, chief executive officer and chief operating officer of Cushing Asset Management, LP, the Funds' investment adviser, and currently the Chief Financial Officer and Treasurer of the Funds, will succeed Mr. Swank as president of the Fund. Mr. Blake Nelson, chief financial officer of Cushing Asset Management, will succeed Mr. Alban as Treasurer of the Fund.
NXG Cushing Midstream Energy Fund, formerly The Cushing MLP & Infrastructure Total Return Fund, is a non-diversified, closed-end management investment company. The Fundâs investment objective is to seek a high after-tax total return from a combination of capital appreciation and current income. The Fund will pursue its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments. It considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that provide midstream services in the energy infrastructure sector, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, biofuels, carbon sequestration and others. Its investment advisor is Cushing Asset Management, LP.