DALLAS, April 30, 2018 /PRNewswire/ -- Swank
Capital, LLC and Cushing® Asset Management, LP
announce an upcoming interim change to constituents of
The Cushing® 30 MLP Index (the "Index"). Per
the Index's methodology guide, a constituent change due to a
distribution cut will take place on the latter of the distribution
ex-date or the last business day of the week that is at least five
business days after the day on which the announcement is made. Due
to the April 24, 2018, distribution
cut announcement by NuStar Energy L.P. (NYSE: NS), after the market
closes on May 7, 2018, (the distribution ex-date) and
effective on May 8, 2018, The Williams Companies, Inc.
(NYSE: WMB) will replace NS as a constituent of the Index at NS's
then-current weight.
There will be no changes to the remaining constituents of the
Index.
ABOUT THE CUSHING®
30 MLP INDEX
The Cushing® 30 MLP
Index tracks the performance of 30 publicly traded MLP securities
that hold midstream energy infrastructure assets in North America, chosen according to a
formula-based proprietary valuation model developed by Cushing® Asset Management, LP
to rank MLPs for potential inclusion in the Index. The Index price
level is calculated by S&P Dow Jones Indices and reported on a
real-time basis under the Bloomberg ticker "MLPX".
ABOUT SWANK CAPITAL AND CUSHING® ASSET MANAGEMENT
Cushing® Asset
Management, LP ("Cushing"), a
subsidiary of Swank Capital, LLC, is an SEC-registered investment
adviser headquartered in Dallas,
Texas. Cushing serves as
investment adviser to affiliated funds and managed accounts which
invest primarily in securities of MLPs and other natural resource
companies.
Cushing is also dedicated to
serving the needs of MLP and energy income investors by sponsoring
a variety of industry benchmarks, including The Cushing® MLP Market Cap Index
(Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index
(Bloomberg Ticker: MLPY), The Cushing® Energy Index (Bloomberg
Ticker: CENI), The Cushing® Energy Supply Chain Index
(Bloomberg Ticker: CSCI), The Cushing® Transportation Index
(Bloomberg Ticker: CTRI) and The Cushing® Utility Index (Bloomberg
Ticker: CUTI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing® 30 MLP Index (the "Index") is the exclusive
property of Swank Capital, LLC, and Cushing Asset Management,
LP, which have contracted with S&P Opco, LLC (a subsidiary of
S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to
calculate and maintain the Index. S&P® is a registered
trademark of Standard & Poor's Financial Services LLC ("SPFS");
Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC ("Dow Jones"); and, these trademarks have been
licensed to S&P Dow Jones Indices. "Calculated by S&P Dow
Jones Indices" and its related stylized mark(s) have been licensed
for use by Swank Capital, LLC, and Cushing Asset Management, LP.
Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their
affiliates sponsor and promote the Index and none shall be liable
for any errors or omissions in calculating the Index.
CUSH-MLPX
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SOURCE Swank Capital, LLC and Cushing® Asset Management, LP