News Column

Cushing® Renaissance Fund Announces Quarterly Distribution

September 13, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- The Cushing(®) Renaissance Fund (NYSE: SZC) declared a quarterly distribution for the fiscal quarter ending August 31, 2014 of $0.41 per common share. The Fund's distribution will be payable on September 23, 2014 to shareholders of record on September 18, 2014. The ex-date for the Fund's distribution is September 16, 2014.

It is anticipated but not certain that approximately 30% 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 2015, 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.


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 July 31, 2014, Cushing had approximately $4.4 billion of assets under management in closed-end funds, mutual funds, privately offered funds and separately managed accounts.

Keywords for this news article include: Banking and Finance, Cushing Asset Management, Cushing Asset Management Lp.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Investment Weekly News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters