Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® 30 MLP Index

Dallas, Texas (September 8, 2017) Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® 30 MLP Index (the “Index”) as part of normal index operations. After the markets close on September 15, 2017, the 30 constituents of the Index will be rebalanced, effective September 18, 2017, as follows. Although there will be changes to the constituent weightings, there will be no changes to the Index constituents on this date.

Cushing® 30 MLP Index constituents, effective September 18, 2017:

Company Name Ticker Index Weight Status
Alliance Holdings GP, L.P. AHGP 3.33% Existing
Alliance Resource Partners, L.P. ARLP 3.33% Existing
Andeavor Logistics LP ANDX 3.33% Existing
Antero Midstream Partners LP AM 3.33% Existing
Buckeye Partners, L.P. BPL 3.33% Existing
Cone Midstream Partners LP CNNX 3.33% Existing
DCP Midstream, LP DCP 3.33% Existing
Dominion Energy Midstream Partners, LP DM 3.33% Existing
EQT Midstream Partners, LP EQM 3.33% Existing
EnLink Midstream Partners, LP ENLK 3.33% Existing
Energy Transfer Equity, L.P. ETE 3.33% Existing
Energy Transfer Partners, L.P. ETP 3.33% Existing
Enterprise Products Partners, L.P. EPD 3.33% Existing
Genesis Energy, L.P. GEL 3.33% Existing
MPLX LP MPLX 3.33% Existing
Magellan Midstream Partners, L.P. MMP 3.33% Existing
NGL Energy Partners LP NGL 3.33% Existing
Noble Midstream Partners LP NBLX 3.33% Existing
NuStar Energy, L.P. NS 3.33% Existing
Phillips 66 Partners LP PSXP 3.33% Existing
Rice Midstream Partners LP RMP 3.33% Existing
Shell Midstream Partners, L.P. SHLX 3.33% Existing
Spectra Energy Partners, LP SEP 3.33% Existing
Summit Midstream Partners, LP SMLP 3.33% Existing
Sunoco LP SUN 3.33% Existing
Tallgrass Energy GP, LP TEGP 3.33% Existing
Tallgrass Energy Partners, LP TEP 3.33% Existing
Valero Energy Partners LP VLP 3.33% Existing
Western Gas Partners, L.P. WES 3.33% Existing
Western Refining Logistics, LP WNRL 3.33% Existing

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 investors by sponsoring a variety of benchmarks, including 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), 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

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index

Dallas, Texas (September 8, 2017) Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the “Index”) as part of normal index operations. After the markets close on September 15, 2017, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on September 18, 2017.

Cushing® MLP Market Cap Index constituents, effective September 18, 2017:

Company Name Ticker Index Weight Status
Enterprise Products Partners, L.P. EPD 7.50% Existing
Energy Transfer Equity, L.P. ETE 7.50% Existing
Energy Transfer Partners, L.P. ETP 7.50% Existing
Magellan Midstream Partners, L.P. MMP 7.50% Existing
MPLX LP MPLX 7.50% Existing
The Williams Companies, Inc. WMB 7.50% NEW
Buckeye Partners, L.P. BPL 6.62% Existing
Western Gas Partners, L.P. WES 4.02% Existing
EQT Midstream Partners, LP EQM 3.72% Existing
AmeriGas Partners, L.P. APU 3.33% Existing
Andeavor Logistics LP ANDX 3.05% Existing
NuStar Energy, L.P. NS 3.03% Existing
Spectra Energy Partners, LP SEP 2.75% Existing
Genesis Energy, L.P. GEL 2.43% Existing
DCP Midstream, LP DCP 2.42% Existing
TC PipeLines, LP TCP 2.28% Existing
EnLink Midstream Partners, LP ENLK 2.21% Existing
Antero Midstream Partners LP AM 2.17% Existing
Shell Midstream Partners, L.P. SHLX 2.09% Existing
Tallgrass Energy Partners, LP TEP 1.85% Existing
Phillips 66 Partners LP PSXP 1.84% Existing
Boardwalk Pipeline Partners, L.P. BWP 1.57% Existing
Sunoco LP SUN 1.47% Existing
Dominion Energy Midstream Partners, LP DM 1.31% Existing
Tallgrass Energy GP, LP TEGP 1.29% Existing
Rice Midstream Partners LP RMP 1.29% Existing
Suburban Propane Partners, L.P. SPH 1.23% Existing
Holly Energy Partners, L.P. HEP 1.11% Existing
Crestwood Equity Partners LP CEQP 1.01% NEW
EnLink Midstream, LLC ENLC 0.91% Existing


Constituents removed, effective September 18, 2017:

Company Name Ticker
NGL Energy Partners LP NGL
Valero Energy Partners LP VLP

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held master limited partnerships (MLPs). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded MLPs. The Cushing® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CMCI”.

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 investors by sponsoring a variety of benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), 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

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® MLP Market Cap Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.

Swank Capital and Cushing® Asset Management Announce Rebalancing of the Cushing® MLP High Income Index

Dallas, Texas (July 7, 2017) Swank Capital, LLC and Cushing® Asset Management, LP 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 14, 2017, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 17, 2017.

Cushing® MLP High Income Index constituents, effective July 17, 2017:

Company Name Ticker Tier Index Weight Prior Tier
Suburban Propane Partners, L.P. SPH 1 5.0% 1
Golar LNG Partners LP GMLP 1 5.0% 1
Sunoco LP SUN 1 5.0% 1
NGL Energy Partners LP NGL 1 5.0% 1
Energy Transfer Partners, L.P. ETP 1 5.0% 1
Crestwood Equity Partners LP CEQP 1 5.0% New
Summit Midstream Partners, LP SMLP 1 5.0% 1
NuStar Energy, L.P. NS 1 5.0% 2
EnLink Midstream Partners, LP ENLK 1 5.0% 1
DCP Midstream, LP DCP 1 5.0% 2
SunCoke Energy Partners, L.P. SXCP 2 3.5% 2
Genesis Energy, L.P. GEL 2 3.5% 1
Alliance Resource Partners, L.P. ARLP 2 3.5% New
AmeriGas Partners, L.P. APU 2 3.5% 2
Buckeye Partners, L.P. BPL 2 3.5% 2
Tallgrass Energy Partners, LP TEP 2 3.5% 3
Tesoro Logistics LP TLLP 2 3.5% 2
Western Refining Logistics, LP WNRL 2 3.5% 2
TC PipeLines, LP TCP 2 3.5% 3
Energy Transfer Equity, L.P. ETE 2 3.5% 3
American Midstream Partners, LP AMID 3 1.5% 3
USA Compression Partners, LP USAC 3 1.5% 3
Dynagas LNG Partners LP DLNG 3 1.5% 3
GasLog Partners LP GLOP 3 1.5% 3
Archrock Partners, L.P. APLP 3 1.5% New
Holly Energy Partners, L.P. HEP 3 1.5% 2
Spectra Energy Partners, LP SEP 3 1.5% 2
MPLX LP MPLX 3 1.5% 3
Western Gas Partners, L.P. WES 3 1.5% 3
Enterprise Products Partners, L.P. EPD 3 1.5% 3


Constituents removed, effective July 17, 2017:

Company Name Ticker
Magellan Midstream Partners, L.P. MMP
EnLink Midstream, LLC ENLC
Teekay Offshore Partners L.P. TOO

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 publicly traded energy and shipping master limited partnership (MLP) securities with an emphasis on current yield. The securities are chosen for inclusion according to a three-tier 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 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® 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:

Judson Redmond

214-692-6334

Source:  Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® MLP High Income Index (the “Index”) is the exclusive property of Cushing® Asset Management, LP, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate 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 S&P nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

Swank Capital and Cushing® Asset Management Announce Potential Constituent Changes to The Cushing® MLP High Income Index

Dallas, Texas (June 23, 2017) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential upcoming interim constituent change to The Cushing® MLP High Income Index (the “Index”). On February 1, 2017, Index constituents ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) announced an Agreement and Plan of Merger wherein OKS would be acquired by OKE, subject to the approval of both OKE shareholders and OKS unitholders. Under the terms of the proposed transaction, OKE would terminate the master limited partnership (“MLP”) structure of OKS and absorb it as a wholly-owned subsidiary within a C-corporation structure; consequently, OKE would cease to have an interest as a holder of general partner or limited partner units in an MLP and would, per the Methodology Guide for the Index, no longer be eligible for inclusion in the Index.

Special meetings of the OKE shareholders and OKS unitholders are scheduled for June 30, 2017, commencing at 9:00 AM Central Daylight Time for OKE shareholders and 10:00 AM Central Daylight Time for OKS unitholders for the purpose of considering and voting on the proposed transaction.

If the transaction is approved, the following changes to the Index will take place after the market closes on June 30, 2017, and be effective on July 3, 2017:

Potential Cushing® MLP High Income Index changes, effective July 3, 2017:

Constituent Removed Replacement Constituent
ONEOK, Inc. OKE NGL Energy Partners LP NGL  
ONEOK Partners, L.P. OKS American Midstream Partners, LP AMID  

Each replacement constituent will be added at the then-current weight of the removed constituent. There will be no change to the remaining constituents of the Index.

If the transaction is not approved, there will be no change to the constituents of the Index.

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 publicly traded energy and shipping master limited partnership (MLP) securities with an emphasis on current yield.  The securities are chosen for inclusion according to a three-tier 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 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® 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:

Judson Redmond

214-692-6334

www.cushingasset.com

Source:  Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® MLP High Income Index (the “Index”) is the exclusive property of Cushing® Asset Management, LP, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate 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 S&P nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

Swank Capital and Cushing® Asset Management Announce Potential Constituent Changes to The Cushing® MLP Market Cap Index

Dallas, Texas (June 23, 2017) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim constituent change and special rebalancing of The Cushing® MLP Market Cap Index (the “Index”). On February 1, 2017, Index constituents ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) announced an Agreement and Plan of Merger wherein OKS would be acquired by OKE, subject to the approval of both OKE shareholders and OKS unitholders. Under the terms of the proposed transaction, OKE would terminate the master limited partnership (“MLP”) structure of OKS and absorb it as a wholly-owned subsidiary within a C-corporation structure; consequently, OKE would cease to have an interest as a holder of general partner or limited partner units in an MLP and would, per the Methodology Guide for the Index, no longer be eligible for inclusion in the Index.

Special meetings of the OKE shareholders and OKS unitholders are scheduled for June 30, 2017, commencing at 9:00 AM Central Daylight Time for OKE shareholders and 10:00 AM Central Daylight Time for OKS unitholders for the purpose of considering and voting on the proposed transaction.

If the transaction is approved, OKE and OKS will be removed from the Index after market close on June 30, 2017, and replaced with EnLink Midstream, LLC (NYSE: ENLC) and Valero Energy Partners LP (NYSE: VLP). Additionally, because both OKE and OKS are incumbent constituents with a weighting exceeding 3.5%, per the Index’s methodology guide, the Index will be rebalanced and all constituent weightings will be adjusted effective on July 3, 2017, as shown below:

Potential Cushing® MLP Market Cap Index constituents effective July 3, 2017:

Company Name Ticker Index Weight Status
Buckeye Partners, L.P. BPL 7.50% Existing
Enterprise Products Partners, L.P. EPD 7.50% Existing
Energy Transfer Equity, L.P. ETE 7.50% Existing
Energy Transfer Partners, L.P. ETP 7.50% Existing
Magellan Midstream Partners, L.P. MMP 7.50% Existing
MPLX LP MPLX 7.50% Existing
Western Gas Partners, L.P. WES 4.27% Existing
EQT Midstream Partners, LP EQM 4.20% Existing
NuStar Energy, L.P. NS 3.80% Existing
Tesoro Logistics LP TLLP 3.44% Existing
AmeriGas Partners, L.P. APU 3.04% Existing
Spectra Energy Partners, LP SEP 2.98% Existing
Genesis Energy, L.P. GEL 2.97% Existing
DCP Midstream, LP DCP 2.71% Existing
TC PipeLines, LP TCP 2.67% Existing
EnLink Midstream Partners, LP ENLK 2.46% Existing
Shell Midstream Partners, L.P. SHLX 2.44% Existing
Antero Midstream Partners LP AM 2.28% Existing
Tallgrass Energy Partners, LP TEP 2.11% Existing
Boardwalk Pipeline Partners, L.P. BWP 2.09% Existing
Phillips 66 Partners LP PSXP 2.01% Existing
Sunoco LP SUN 1.61% Existing
Dominion Energy Midstream Partners, LP DM 1.47% Existing
Suburban Propane Partners, L.P. SPH 1.42% Existing
Rice Midstream Partners LP RMP 1.31% Existing
Tallgrass Energy GP, LP TEGP 1.30% Existing
Holly Energy Partners, L.P. HEP 1.26% Existing
NGL Energy Partners LP NGL 1.20% Existing
EnLink Midstream, LLC ENLC 0.99% NEW
Valero Energy Partners LP VLP 0.97% NEW


Potential Constituents removed effective July 3, 2017:

Company Name Ticker
ONEOK, Inc. OKE
ONEOK Partners, L.P. OKS

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held master limited partnerships (MLPs). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded MLPs.  The Cushing® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CMCI”.

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® 30 MLP Index (Bloomberg Ticker: MLPX) and The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY). For more information, please visit http://www.cushingasset.com/indices.

Contact:

Judson Redmond

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® MLP Market Cap Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.

Swank Capital and Cushing® Asset Management Announce Potential Constituent Changes to The Cushing® 30 MLP Index

Dallas, Texas (June 23, 2017) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On February 1, 2017, Index constituents ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) announced an Agreement and Plan of Merger wherein OKS would be acquired by OKE, subject to the approval of both OKE shareholders and OKS unitholders. Under the terms of the proposed transaction, OKE would terminate the master limited partnership (“MLP”) structure of OKS and absorb it as a wholly-owned subsidiary within a C-corporation structure; consequently, OKE would cease to have an interest as a holder of general partner or limited partner units in an MLP and would, per the Methodology Guide for the Index, no longer be eligible for inclusion in the Index.

Special meetings of the OKE shareholders and OKS unitholders are scheduled for June 30, 2017, commencing at 9:00 AM Central Daylight Time for OKE shareholders and 10:00 AM Central Daylight Time for OKS unitholders for the purpose of considering and voting on the proposed transaction.

If the transaction is approved, the following changes to the Index will take place after the market closes on June 30, 2017, and be effective on July 3, 2017:

Potential Cushing® 30 MLP Index changes, effective July 3, 2017:

Constituent Removed Replacement Constituent
ONEOK, Inc. OKE Summit Midstream Partners, LP SMLP
ONEOK Partners, L.P. OKS Western Refining Logistics, LP WNRL

Each replacement constituent will be added at the then-current weight of the removed constituent. There will be no change to the remaining constituents of the Index.

If the transaction is not approved, there will be no change to the constituents of the Index.

ABOUT THE CUSHING® 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) and The Cushing® MLP High Income Index (Bloomberg Ticker:  MLPY).  For more information, please visit http://www.cushingasset.com/indices.

Contact:

Judson Redmond

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.

Swank Capital and Cushing® Asset Management Announce Launch of ETN Tracking The Cushing® 30 MLP Index

Dallas, Texas (June 19, 2017) Swank Capital, LLC, and Cushing® Asset Management, LP, announce today that JPMorgan Chase Financial Company LLC (JPMCFC) has launched an Exchange Traded Note (ETN) listed on NYSE Arca under the ticker symbol PPLN that is designed to track the performance of The Cushing® 30 MLP Index.  The ETNs are named the J.P. Morgan Cushing® 30 MLP Index ETNs and are due in 2037.

“We are very pleased and excited to license our index to J.P. Morgan to provide investors with access to the returns of the Cushing® 30 MLP Index,” said Jerry Swank, Managing Partner.

Questions regarding the J.P. Morgan Cushing® 30 MLP Index ETNs trading under the ticker symbol PPLN should be directed to:

J.P. Morgan sales contact: 1-800-576-3529, jpmorgan_etns@jpmorgan.com

Cushing media contact: Judson Redmond, 214-692-6334

ABOUT THE CUSHING® MLP INDEX

The Cushing® 30 MLP Index tracks the performance of 30 publicly traded U.S. based MLP securities that hold midstream energy infrastructure assets, 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.

The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.

Neither Swank Capital, LLC nor Cushing Asset Management, LP (collectively, “Cushing”) sponsor, endorse, sell, promote, manage or are otherwise affiliated with investment products offered by third parties and that seek to provide an investment return based on the performance of the Index.  Cushing makes no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. Cushing makes no representation regarding the advisability of investing in any such investment product.

JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to any offerings to which these materials relate that JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed with the SEC for more complete information about JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC and any offering to which these materials relate. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC or any agent or any dealer participating in the any offerings to which these materials relate will arrange to send you the prospectus and each prospectus supplement as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 866-535-9248

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® 30 MLP Index

Dallas, Texas (June 9, 2017) Swank Capital, LLC, and Cushing® Asset Management, LP, 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 16, 2017, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 19, 2017.

Cushing® 30 MLP Index constituents, effective June 19, 2017:

Company Name Ticker Index Weight Status
Alliance Holdings GP, L.P. AHGP 3.33% NEW
Antero Midstream Partners LP AM 3.33% Existing
Alliance Resource Partners, L.P. ARLP 3.33% NEW
Buckeye Partners, L.P. BPL 3.33% Existing
Cone Midstream Partners LP CNNX 3.33% NEW
DCP Midstream, LP DCP 3.33% Existing
Dominion Energy Midstream Partners, LP DM 3.33% Existing
EnLink Midstream Partners, LP ENLK 3.33% Existing
Enterprise Products Partners, L.P. EPD 3.33% Existing
EQT Midstream Partners, LP EQM 3.33% Existing
Energy Transfer Equity, L.P. ETE 3.33% Existing
Energy Transfer Partners, L.P. ETP 3.33% Existing
Genesis Energy, L.P. GEL 3.33% Existing
Magellan Midstream Partners, L.P. MMP 3.33% Existing
MPLX LP MPLX 3.33% Existing
Noble Midstream Partners LP NBLX 3.33% NEW
NGL Energy Partners LP NGL 3.33% NEW
NuStar Energy, L.P. NS 3.33% Existing
ONEOK, Inc. OKE 3.33% Existing
ONEOK Partners, L.P. OKS 3.33% Existing
Phillips 66 Partners LP PSXP 3.33% Existing
Rice Midstream Partners LP RMP 3.33% Existing
Spectra Energy Partners, LP SEP 3.33% Existing
Shell Midstream Partners, L.P. SHLX 3.33% Existing
Sunoco LP SUN 3.33% Existing
Tallgrass Energy GP, LP TEGP 3.33% NEW
Tallgrass Energy Partners, LP TEP 3.33% Existing
Tesoro Logistics LP TLLP 3.33% Existing
Valero Energy Partners LP VLP 3.33% Existing
Western Gas Partners, L.P. WES 3.33% Existing


Constituents removed, effective June 19, 2017:

Company Name Ticker
AmeriGas Partners, L.P. APU
American Midstream Partners, LP AMID
Boardwalk Pipeline Partners, L.P. BWP
Suburban Propane Partners, L.P. SPH
Summit Midstream Partners, LP SMLP
Western Refining Logistics, LP WNRL

ABOUT THE CUSHING® 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) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit http://www.cushingasset.com/indices.

Contact:

Judson Redmond

214-692-6334

www.cushingasset.com

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® MLP Market Cap Index

Dallas, Texas (June 9, 2017) Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the “Index”) as part of normal index operations. After the markets close on June 16, 2017, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 19, 2017.

Cushing® MLP Market Cap Index constituents, effective June 19, 2017:

Company Name Ticker Index Weight Status
Enterprise Products Partners, L.P. EPD 7.50% Existing
Energy Transfer Equity, L.P. ETE 7.50% Existing
Energy Transfer Partners, L.P. ETP 7.50% Existing
Magellan Midstream Partners, L.P. MMP 7.50% Existing
ONEOK, Inc. OKE 7.50% Existing
MPLX LP MPLX 6.84% Existing
Buckeye Partners, L.P. BPL 6.77% Existing
ONEOK Partners, L.P. OKS 6.25% Existing
Western Gas Partners, L.P. WES 3.42% Existing
EQT Midstream Partners, LP EQM 3.17% Existing
NuStar Energy, L.P. NS 3.04% Existing
Tesoro Logistics LP TLLP 2.87% Existing
Genesis Energy, L.P. GEL 2.41% Existing
Spectra Energy Partners, LP SEP 2.33% Existing
DCP Midstream, LP DCP 2.30% Existing
AmeriGas Partners, L.P. APU 2.25% Existing
TC PipeLines, LP TCP 2.21% Existing
EnLink Midstream Partners, LP ENLK 2.01% Existing
Shell Midstream Partners, L.P. SHLX 1.98% Existing
Antero Midstream Partners LP AM 1.95% Existing
Boardwalk Pipeline Partners, L.P. BWP 1.66% Existing
Phillips 66 Partners LP PSXP 1.61% Existing
Tallgrass Energy Partners, LP TEP 1.60% Existing
Rice Midstream Partners LP RMP 1.36% Existing
Sunoco LP SUN 1.23% Existing
Dominion Energy Midstream Partners, LP DM 1.19% Existing
Suburban Propane Partners, L.P. SPH 1.06% Existing
Tallgrass Energy GP, LP TEGP 1.04% NEW
Holly Energy Partners, L.P. HEP 1.00% Existing
NGL Energy Partners LP NGL 0.95% Existing


Constituent removed, effective June 19, 2017:

Company Name Ticker
EnLink Midstream, LLC ENLC

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held master limited partnerships (MLPs). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded MLPs. The Cushing® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CMCI”.

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® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit http://www.cushingasset.com/indices.

Contact:

Judson Redmond

214-692-6334

Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® MLP Market Cap Index (the “Index”) is the exclusive property of Cushing Asset Management, LP, which has 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.