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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1526629	Cushing Royalty & Income Fund	SRF	()	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1424575	L Daniel Spears	C/O The Cushing Royalty &Amp; Income Fund 8117 Preston Road, Suite 440 Dallas TX 75225	President	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Acquisiton	2014-10-10	1,000	$15.91	3,998	No	4	P	Direct
Common Shares	Acquisiton	2014-10-10	500	$15.88	1,500	No	4	P	Indirect	Held in IRA account
Common Shares	Acquisiton	2014-10-10	100	$15.91	500	No	4	P	Indirect	Held in account for benefit of minor children

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	Held in IRA account
No	4	P	Indirect	Held in account for benefit of minor children

Footnotes

This transaction was executed in multiple trades at prices ranging from $15.87 to $15.91, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Mr. Spears disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.