DALLAS, Jan. 8, 2019 /PRNewswire/ -- Swank Capital, LLC
and Cushing® Asset
Management, LP announce an upcoming interim change to the
constituents of The Cushing® Transportation Index (the
"Index"). The Cushing®
30 MLP Index (the "Sub-Index") announced today that after the
market closes on January 14, 2019,
and effective on January 15, 2019,
Index constituent Dominion Energy Midstream Partners, LP (NYSE: DM)
will be removed from the Sub-Index and replaced with Western Gas
Equity Partners, LP (NYSE: WGP). Consequently, per the Index's
Methodology Guide, after the market closes on January 14, 2019, and effective on January 15, 2019, WGP will replace DM in the
Index at DM's then-current weight.
There will be no changes to the remaining constituents of the
Index due to this event.
ABOUT THE CUSHING®
TRANSPORTATION INDEX
The Cushing®
Transportation Index tracks the performance of widely held
companies engaged in road, rail, marine and air transportation of
cargoes and passengers, as well as master limited partnerships
(MLPs) engaged in storage and transportation of oil, natural gas,
coal and consumable fuels. Constituents of the Index are weighted
based on current yield. The Index price level is calculated by
S&P Dow Jones Indices and reported on a real-time basis under
the Bloomberg ticker "CTRI".
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 which
invest primarily in securities of midstream energy infrastructure
companies and other natural resource companies.
Cushing is also dedicated to
serving the needs of investors by sponsoring a variety of
benchmarks, including The Cushing® 30 MLP Index (Bloomberg
Ticker: MLPX), The Cushing® 30 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) 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®
Transportation 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-CTRI
View original
content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-a-constituent-change-to-the-cushing-transportation-index-300774547.html
SOURCE Cushing Asset Management, LP; Swank Capital, LLC