DALLAS, June 12, 2020 /PRNewswire/ -- Cushing® Asset Management, LP,
and Swank Capital, LLC, announce today the upcoming
rebalancing of The Cushing® 30 MLP Index (the "Index")
as part of normal index operations. After the markets close on
June 19, 2020, the 30 constituents of the Index will be
rebalanced, and the following changes will become effective on
June 22, 2020:
Constituents added:
Delek Logistics Partners, LP
(NYSE: DKL)
PBF Logistics LP (NYSE: PBFX)
Constituents removed:
Oasis Midstream Partners LP
(NASDAQ: OMP)
Tellurian Inc. (NASDAQ: TELL)
ABOUT THE CUSHING®
30 MLP INDEX
The Cushing® 30 MLP
Index tracks the performance of 30 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 of the Index are selected by using a formula-based
proprietary valuation model developed by Cushing® Asset Management, LP
to rank Midstream Companies 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 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 investors by sponsoring a variety of
benchmarks, including The Cushing® 30 MLP Market Cap Index
(Bloomberg Ticker: CMCI) and The Cushing® MLP High Income Index
(Bloomberg Ticker: MLPY). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Jon Abel
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 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.
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SOURCE Cushing® Asset Management, LP and Swank Capital, LLC