CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Cushing Energy Income Fund (SRF)

Specialty Equity Funds - MLP Funds

Data as of Dec. 13, 2019
Current
Market Price $6.04 (- $0.12)
NAV (Dec. 13, 2019) $7.11 (- $0.07)
Premium / Discount -15.05% (-0.84%)
Fund Info
Inception Feb. 24, 2012
Sponsor Cushing MLP Asset Management
Website www.cushingcef.com/the...
Phone 214-635-1660
NAV Symbol XSRFX
Objective: High total return with an emphasis on current income; Securities of U.S. and Canadian energy-related royalty Trusts
Capital & Leverage
Outstanding Shares 2,474,989
Total Assets (Reported: May 31, 2019) $24M
Estimated Total Assets $23M
Net Assets $18M
Market Cap $15M
Purchases Turnover 62.95%
Sales Turnover 55.91%
Total Leverage 23.50%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.52%
Non Lev Exp Ratio 2.70%
Rel Lev Cost 2.85%
Discount Data
Average Discount (3 Yr) -15.35%
Discount Low(3 Yr) -18.82%
Discount High(3 Yr) -10.66%
Discount Rel Range 51.37%
Comp Discount -8.69
Discount St Dev (1Yr) 0.99
Z-Stat
Z-Stat (6mo) 1.18
Z-Stat (1Yr) 1.21
Z-Stat (3Yr) 0.47
Comp Z-Stat (6mo) 0.15
Comp Z-Stat (3Yr) 0.65
Distribution Data
Market Yield 7.95%
Income Yield 0.00%
Lev Adj NAV Yield 5.47%
Distribution Frequency M
Current Distribution $0.040
Current Income $0.000
Ex-Date 12/13/19
Payable Date 12/31/19
Div Growth (3yr) 0.00%
Dividend Change -29.8% on 12/7/16
Expected Div 1/2/20
RoC (1yr) 90.92%
RoC (3yr) 96.81%
Tax Dividend Data 2018 2016 - 2018
Income 8.3% 2.8%
ST Gains 0% 0%
QDI 8.3% 0.9%
LT Gains 0% 0%
RoC 91.7% 97.2%
Volume & Liquidity
Average Daily $ (M) $85
Avg Volume 30 day 17,023
Avg Volume 90 day 14,044
Volume Trend 21.21%
Comp Volume Trend -21.78%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
70.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
74.0%
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
86.0%
Most Correlated Peer (Mk Pr): TTP 88.0%
NAV - Price Correlation (30 d) 72.5%
NAV - Price Correlation (90 d) 93.9%
NAV - Price Correlation (1 Yr) 99.4%
Price St Dev (1Yr) 22.8%
NAV St Dev (1Yr) 27.5%
Earnings
Earnings / Share (5/31/19) $-0.004
Earn Coverage 0.00%
Earnings Trend Up
UNII / Share (5/31/19) $-0.384
Rel UNII
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.09
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
2.43
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
0.87

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.