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Cushing Energy Income Fund Comm Message Board

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  • hedgedgabry hedgedgabry May 21, 2012 3:22 PM Flag

    management fee and leverage anyone know

    it's too new. The sister fund investing in MLP (SRV) is regularly reporting on the website their SEC filings etc. I guess we will start to know some more about the fund on May 25. They should announce the first dividend. I think we are approaching a great entry point. Nav is in line with price while SRV is trading at an absurd premium of over 20%. That's why I never considered, also because they return chunks of capital every quarter.

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    • Hedge, I partially agree with you. SRV is at a ridiculous 30% premium while SRF premium is 11% which I also consider too high.
      My point of disagreement is based on return of capital. MLPs pay out their yield as return of capital so a fund holding them will pass that money along under the same heading. I own TYY and that's what they do.

 
SRF
9.51-0.08(-0.88%)May 27 4:00 PMEDT