Cushing® Closed-End Funds Regretfully Announce the Death of Lead Independent Trustee, Edward N. McMillan

DALLAS, Sept. 23, 2016

Jerry Swank, President, Chief Executive Officer and a member of the Board of Trustees, commented, "It is with great sadness that we announce the passing of our colleague, Ed McMillan.  He was an exemplary member of the Board and his commitment to serving Fund shareholders will inspire and stay with us always.  On behalf of the Board of Trustees, management team and employees, we mourn his loss and extend our deepest sympathies to his family."

The Funds have initiated the process of identifying and appointing a new Trustee and expect to be able to complete the process in a timely manner.  Fund shareholders will be notified upon the appointment of a new Trustee.

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.

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Funds and Cushing believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Funds and Cushing do not assume a duty to update this forward-looking statement.