Cushing® MLP & Infrastructure Total Return Fund and Cushing® NextGen Infrastructure Income Fund Announce Upcoming Portfolio Manager Retirement

DALLAS, Dec. 16, 2021

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 Chief Executive Officer and President of the Funds. 

Mr. Blake Nelson, chief financial officer of Cushing Asset Management, will succeed Mr. Alban as Chief Financial Officer and Treasurer of the Funds. 

Mr. Swank will continue to serve as a Trustee of the Funds, and due to his continuing ownership interest in Cushing Asset Management will continue to be deemed an "Interested Trustee" of the Trust.

Brian R. Bruce, Lead Independent Trustee of the Funds said, "On behalf of our entire Board of Trustees, I want to thank Jerry Swank for his service and leadership over the years. Since founding Cushing Asset Management and the launch of the first Cushing closed-end fund nearly 15 years ago, Jerry has built a culture of strong investment performance. The transition plan implemented by Jerry has positioned Cushing Asset Management and the Funds for further success under the capable leadership of John Alban, as Chief Executive Officer of Cushing Asset Management and the Funds, and John Musgrave and Saket Kumar, as Co-Chief Investment Officers of Cushing Asset Management and lead portfolio managers of SRV and SZC, respectively."

Additional 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.