DALLAS, July 1, 2021 /PRNewswire/
-- Cushing® Asset Management, LP, and Swank
Capital, LLC, announce today the upcoming rebalancing of The
Cushing® MLP High
Income Index (the "Index") as part of normal index operations.
After the markets close on July 9, 2021, the 30 constituents
of the Index will be rebalanced, and the following changes will
become effective on July 12,
2021:
Constituents added:
Oasis Midstream Partners LP
(NASDAQ: OMP)
Höegh LNG Partners LP (NYSE: HMLP)
Constituents removed:
DCP Midstream, LP (NYSE:
DCP)
Genesis Energy, L.P. (NYSE: GEL)
ABOUT THE CUSHING®
MLP HIGH INCOME INDEX
The Cushing® MLP
High Income Index provides a benchmark that is designed to track
the performance of 30 higher-yielding publicly traded midstream
energy infrastructure companies, including master limited
partnerships (MLPs) and non-MLP energy midstream corporations
(each, a "Midstream Company" and collectively, "Midstream
Companies"). Constituents are chosen according to a three-tiered
proprietary weighting system developed by Cushing® Asset Management, LP. The
Cushing® MLP High
Income Index is calculated by S&P Dow Jones Indices and
reported on a real-time basis under the Bloomberg ticker
"MLPY".
ABOUT CUSHING® ASSET
MANAGEMENT AND SWANK CAPITAL
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,
providing active management in markets where inefficiencies
exist.
Cushing is also dedicated to
serving the needs of MLP and energy income investors by sponsoring
a variety of industry benchmarks, including The Cushing® 30 MLP Index (Bloomberg
Ticker: MLPX) and The Cushing® MLP Market Cap Index
(Bloomberg Ticker: CMCI). For more information, please visit
http://www.cushingasset.com/indices.
For additional information contact:
Jon Abel
214-692-6334
http://www.cushingasset.com
The Cushing® MLP
High Income Index (the "Index") is the 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)
to calculate and maintain the Index. The Index is not sponsored by
S&P Dow Jones Indices or its affiliates or its third party
licensors (collectively, "S&P Dow Jones Indices"). S&P Dow
Jones Indices will not be liable for any errors or omissions in
calculating the Index. "Calculated by S&P Dow Jones Indices"
and the related stylized mark(s) are service marks of S&P Dow
Jones Indices and have been licensed for use by Cushing Asset
Management, LP. S&P® is a registered trademark of
Standard & Poor's Financial Services LLC ("SPFS"), and Dow
Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC ("Dow Jones").
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SOURCE Cushing® Asset Management, LP and Swank Capital, LLC