The Cushing Royalty & Income Fund announced that, effective immediately, the frequency of the Fund's distributions to shareholders will be changed from quarterly to monthly. The Fund's Board of Trustees has declared a distribution for March 2015 of $0.039 per common share. The Fund's distribution will be payable on March 31, 2015 to shareholders of record on March 18, 2015.

The ex-date for the Fund's distribution is March 16, 2015.