Filed pursuant to Rule 497(a)(1)
File No. 333-143305
Rule 482 ad
[Logo]
PRESS RELEASE
Dallas, Texas August 29, 2007 Swank Capital, LLC today announced that pricing has been
completed on the initial public offering of The Cushing MLP Total Return Fund. The fund has agreed
to sell 8,750,000 newly issued common shares of the fund (NYSE Symbol: SRV) at $20.00 per share
through a syndicate of underwriters led by Morgan Stanley & Co. Incorporated and Deutsche Bank
Securities Inc. The fund estimates that its net proceeds from this offering, after expenses, will
be approximately $166 million. The fund has granted the underwriters a 45-day option to purchase
up to 976,530 additional common shares to cover over-allotments, if any. Shares began trading
Monday, August 27, 2007.
The Cushing MLP Total Return Fund is a newly organized, non-diversified, closed-end management
investment company registered under the Investment Company Act of 1940 that intends to use these
net proceeds to focus its investments in a portfolio of publicly traded and private opportunities
in MLPs with operations in the development, production, processing, refining, transportation,
storage, and marketing of natural resources, in accordance with its investment objective and
policies. The funds investment objective is to obtain a high after-tax total return from a
combination of capital appreciation and current income. Swank Energy Income Advisors, LP, a
registered investment adviser, is the funds investment adviser and is an affiliate of Swank
Capital, LLC.
Contact information
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Swank Capital, LLC
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Computershare |
214.692.6334
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800.662.7232 |
info@theswankgroup.com |
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Swank Capital, LLC
Swank Capital, LLC is the general partner of Swank Energy Income Advisors, LP (together, Swank)
which is a niche investment manager that focuses on three lines of business: MLPs (energy
infrastructure), upstream energy (E&P MLP, Royalty Trusts, and Canadian Energy) and global
resources. Swank currently manages over $2 billion in assets. Swank seeks to provide investors a
high level of return through its actively managed total return approach. Swanks investment
management style emphasizes fundamental analysis combined with an integrated portfolio and risk
management process. Swank is located in Dallas, Texas, the heart of the energy infrastructure
industry, and employs 22 professionals.
An investment in the fund involves substantial risk. Investors could lose some or all of their
investment. For a summary of certain of the risks of an investment in the fund, please see the
section on the principal risks of the fund in the prospectus dated August 27, 2007. Investors
should consider the investment objective, risks, charges
and expenses of the fund before making an investment decision. The prospectus contains this and
other information about the fund; investors should read it carefully before investing. A copy of
the prospectus relating to these securities may be obtained by contacting Computershare at (800)
662-7232.
This press release does 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. A registration statement relating to these securities was filed with, and has been
declared effective by, the Securities and Exchange Commission.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking
statements as defined under the U.S. federal securities laws. Generally, the words believe,
expect, intend, estimate, anticipate, project, will and similar expressions identify
forward-looking statements, which generally are not historical in nature. Forward-looking
statements are subject to certain risks and uncertainties that could cause actual future results to
differ significantly from the funds present expectations or projections indicated in any
forward-looking statements. These risks include, but are not limited to, changes in economic and
political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate
risk; tax risk; the volume of sales and purchase of shares, the continuation of investment
advisory, administration and other service arrangements, and other risks discussed in the funds
filings with the Securities and Exchange Commission. You should not place undue reliance on
forward-looking statements, which speak only as of the date they are made. The fund undertakes no
obligation to publicly update or revise any forward-looking statements made herein. There is no
assurance that the funds investment objective will be attained.