Cushing Renaissance Fund (SZC) Stock Climbs Almost 3% During The Week Amid It Declares Distributions

Currently, Cushing Renaissance Fund (SZC) experiences a small surge of $0.44. Prices moved from $47.14 to $48.80. The stock is trading at $48.58 now. Recently, Cushing declared a $0.2132 par common stock monthly distribution for September, October, and November 2021. The return of capital estimate is based on the Fund’s current expected earnings and profits for the fiscal year and excludes any projected gains or losses on securities sales that may occur during the remainder of the year. Approximately 100% of the Fund’s dividends are expected to be considered as a return of capital, but this is not guaranteed. After the conclusion of the calendar year, when the Fund assesses its earnings and profits for the year, the final determination of such sums will be made and disclosed to stockholders in early 2022. Unless the Fund’s Board of Trustees determines that deferring payment is necessary to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they become due and continue as a going concern, each distribution shall be paid on the payment date.

Miriam Bozini

Finance and Business Reporter

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