Swank Capital and Cushing® Asset Management Announce a Potential Constituent Change to the Cushing® MLP High Income Index

Dallas, Texas (April 19, 2017) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim change to the constituents of The Cushing® MLP High Income Index (the “Index”). Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) previously entered into a Merger Agreement with Sunoco Logistics Partners L.P. (NYSE: SXL), also an Index constituent, wherein SXL would acquire ETP, subject to the approval of ETP unitholders. A special meeting of ETP unitholders is scheduled for April 26, 2017, commencing at 10:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, ETP will be removed from the Index after the markets close on April 26, 2017, and replaced with EnLink Midstream, LLC (NYSE: ENLC) at ETP’s then-current weight. The change will be effective April 27, 2017.

It is further expected that, following the consummation of the merger, SXL will change its name to “Energy Transfer Partners, L.P.” and will apply to list its common units on the New York Stock Exchange under the ticker symbol “ETP”. If the name and ticker changes are made, SXL will remain a constituent of the Index under the new name and ticker at the same weight as before the change.

The remaining constituents of the Index will be unaffected.

If the acquisition 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), The Cushing® MLP Market Cap Index (Bloomberg Ticker:  CMCI) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker:  CRTY).  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 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 a Potential Constituent Change to The Cushing® 30 MLP Index

Dallas, Texas (April 19, 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”). Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) previously entered into a merger agreement with Sunoco Logistics Partners L.P. (NYSE: SXL), also an Index constituent, wherein SXL would acquire ETP, subject to the approval of ETP unitholders. A special meeting of ETP unitholders is scheduled for April 26, 2017, commencing at 10:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, ETP will be removed from the Index after the markets close on April 26, 2017, and replaced with Boardwalk Pipeline Partners, LP (NYSE: BWP) at ETP’s then-current weight. The change will be effective April 27, 2017.

It is further expected that, following the consummation of the merger, SXL will change its name to “Energy Transfer Partners, L.P.” and will apply to list its common units on the New York Stock Exchange under the ticker symbol “ETP”. If the name and ticker changes are made, SXL will remain a constituent of the Index under the new name and ticker at the same weight as before the change.

The remaining constituents of the Index will be unaffected.

If the acquisition 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 proprietary fundamental scoring 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 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 a Potential Constituent Change to The Cushing® MLP Market Cap Index

Dallas, Texas (April 19, 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”). Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) previously entered into a merger agreement with Sunoco Logistics Partners L.P. (NYSE: SXL), also an Index constituent, wherein SXL would acquire ETP, subject to the approval of ETP unitholders. A special meeting of ETP unitholders is scheduled for April 26, 2017, commencing at 10:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, ETP will be removed from the Index after the markets close on April 26, 2017, and replaced with Sunoco LP (NYSE: SUN). Additionally, because ETP is an incumbent constituent with a weighting exceeding 3.5%, the Index will be rebalanced and all constituent weightings will be adjusted as shown in the following table. The change will be effective April 27, 2017.

It is further expected that, following the consummation of the merger, SXL will change its name to “Energy Transfer Partners, L.P.” and will apply to list its common units on the New York Stock Exchange under the ticker symbol “ETP”. If the name and ticker changes are made, SXL will remain a constituent of the Index under the new name and ticker at the same weight as before the change.

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

Cushing® MLP Market Cap Index constituents effective April 27, 2016, if acquisition approved by ETP unitholders on April 26, 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
Magellan Midstream Partners, L.P. MMP 7.50% Existing
Sunoco Logistics Partners, L.P. SXL 7.50% Existing
ONEOK, Inc. OKE 7.24% Existing
Williams Partners, L.P. WPZ 6.61% Existing
Buckeye Partners, L.P. BPL 6.03% Existing
MPLX LP MPLX 5.89% Existing
ONEOK Partners, L.P. OKS 5.82% Existing
EQT Midstream Partners, LP EQM 2.88% Existing
Western Gas Partners, L.P. WES 2.69% Existing
NuStar Energy, L.P. NS 2.68% Existing
Tesoro Logistics LP TLLP 2.55% Existing
Enbridge Energy Partners,  L.P. EEP 2.48% Existing
DCP Midstream, LP DCP 2.18% Existing
Genesis Energy, L.P. GEL 2.11% Existing
AmeriGas Partners, L.P. APU 2.05% Existing
Spectra Energy Partners, LP SEP 2.02% Existing
TC PipeLines, LP TCP 1.92% Existing
EnLink Midstream Partners, LP ENLK 1.84% Existing
Shell Midstream Partners, L.P. SHLX 1.82% Existing
Antero Midstream Partners LP AM 1.60% Existing
Tallgrass Energy Partners, LP TEP 1.51% Existing
Boardwalk Pipeline Partners, L.P. BWP 1.44% Existing
Phillips 66 Partners LP PSXP 1.43% Existing
Rice Midstream Partners LP RMP 1.15% Existing
Dominion Midstream Partners, LP DM 1.12% Existing
Sunoco LP SUN 1.03% NEW
Suburban Propane Partners, L.P. SPH 0.99% Existing
Holly Energy Partners, L.P. HEP 0.92% Existing

 

Constituent removed effective April 27, 2016, if acquisition approved by ETP unitholders on April 26, 2017:

Company Name Ticker
Energy Transfer Partners, L.P. ETP

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

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 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 (April 6, 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 April 13, 2017, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on April 17, 2017.

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

Company Name Ticker Tier Index Weight Prior Tier
Sunoco LP SUN 1 5.0% 1
Suburban Propane Partners, L.P. SPH 1 5.0% 1
Enbridge Energy Partners,  L.P. EEP 1 5.0% 1
Energy Transfer Partners, L.P. ETP 1 5.0% 1
Golar LNG Partners LP GMLP 1 5.0% 1
Summit Midstream Partners, LP SMLP 1 5.0% 1
Genesis Energy, L.P. GEL 1 5.0% 2
Sunoco Logistics Partners, L.P. SXL 1 5.0% 2
EnLink Midstream Partners, LP ENLK 1 5.0% 2
Williams Partners, L.P. WPZ 1 5.0% 1
SunCoke Energy Partners, L.P. SXCP 2 3.5% 2
Teekay Offshore Partners L.P. TOO 2 3.5% 2
NuStar Energy, L.P. NS 2 3.5% 1
AmeriGas Partners, L.P. APU 2 3.5% 2
DCP Midstream, LP DCP 2 3.5% 1
Buckeye Partners, L.P. BPL 2 3.5% 2
Western Refining Logistics, LP WNRL 2 3.5% 2
Holly Energy Partners, L.P. HEP 2 3.5% New
Tesoro Logistics LP TLLP 2 3.5% 3
Spectra Energy Partners, LP SEP 2 3.5% 3
USA Compression Partners, LP USAC 3 1.5% 1
Dynagas LNG Partners LP DLNG 3 1.5% New
GasLog Partners LP GLOP 3 1.5% New
TC PipeLines, LP TCP 3 1.5% 3
Tallgrass Energy Partners, LP TEP 3 1.5% 2
Enterprise Products Partners, L.P. EPD 3 1.5% 3
Energy Transfer Equity, L.P. ETE 3 1.5% 3
ONEOK Partners, L.P. OKS 3 1.5% 2
Western Gas Partners, L.P. WES 3 1.5% 3
MPLX LP MPLX 3 1.5% 3


Constituents removed, effective April 17, 2017:

Company Name Ticker
Magellan Midstream Partners, L.P. MMP
EnLink Midstream, LLC ENLC
Cone Midstream Partners LP CNNX

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), The Cushing® MLP Market Cap Index (Bloomberg Ticker:  CMCI) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker:  CRTY).  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 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 Rebalancing of The Cushing® Upstream Energy Income Index

Dallas, Texas (March 31, 2017) Swank Capital, LLC and Cushing® Asset Management, LP announce today the upcoming rebalancing of The Cushing® Upstream Energy Income Index (the “Index”) as part of normal index operations. After the markets close on April 7, 2017, the constituents of the Index will be rebalanced, and the following changes will become effective on April 10, 2017.

Cushing® Upstream Energy Index constituents, effective April 10, 2017:

Company Name Ticker Index Weight Status
Black Stone Minerals, L.P. BSM 7.50% Existing
Dorchester Minerals LP DMLP 7.50% Existing
BP Prudhoe Bay Royalty Trust BPT 7.50% Existing
Permian Basin Royalty Trust PBT 7.50% Existing
Sabine Royalty Trust SBR 7.50% Existing
San Juan Basin Royalty Trust SJT 7.50% Existing
Legacy Reserves LP LGCY 6.48% Existing
SandRidge Permian Trust PER 5.68% Existing
Kimbell Royalty Partners, LP KRP 4.89% NEW
Cross Timbers Royalty Trust CRT 4.28% Existing
Enduro Royalty Trust NDRO 4.16% Existing
Chesapeake Granite Wash Trust CHKR 3.98% Existing
Hugoton Royalty Trust HGT 3.64% Existing
Pacific Coast Oil Trust ROYT 3.58% Existing
MV Oil Trust MVO 3.43% Existing
EV Energy Partners, L.P. EVEP 3.22% Existing
SandRidge Mississippian Trust II SDR 3.01% Existing
VOC Energy Trust VOC 2.90% Existing
Mid-Con Energy Partners, LP MCEP 2.63% Existing
SandRidge Mississippian Trust I SDT 1.92% Existing
Mesa Royalty Trust MTR 1.20% NEW


Constituents removed, effective April 10, 2017:

Company Name Ticker
Sanchez Production Partners LP SPP
Viper Energy Partners LP VNOM

ABOUT THE CUSHING® UPSTREAM ENERGY INCOME INDEX

The Index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production (“Upstream”) energy master limited partnerships (“MLPs”). The Index is comprised of U.S. royalty trusts and Upstream MLPs, 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 and reported on a real-time basis under the Bloomberg ticker “CRTY”.

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® 30 MLP Index (Bloomberg Ticker: MLPX). 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® Upstream Energy 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 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® 30 MLP Index

Dallas, Texas (March 10, 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 March 17, 2017, the 30 constituents of the Index will be rebalanced, effective March 20, 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 March 20, 2017:

Company Name Ticker Index Weight Status
AmeriGas Partners, L.P. APU 3.33% Existing
Antero Midstream Partners LP AM 3.33% Existing
Buckeye Partners, L.P. BPL 3.33% Existing
DCP Midstream, LP DCP 3.33% Existing
Dominion Midstream Partners, LP DM 3.33% Existing
EQT Midstream Partners, LP EQM 3.33% Existing
EnLink Midstream Partners, LP ENLK 3.33% Existing
Enbridge Energy Partners,  L.P. EEP 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
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
Shell Midstream Partners, L.P. SHLX 3.33% Existing
Spectra Energy Partners, LP SEP 3.33% Existing
Suburban Propane Partners, L.P. SPH 3.33% Existing
Summit Midstream Partners, LP SMLP 3.33% Existing
Sunoco LP SUN 3.33% Existing
Sunoco Logistics Partners, L.P. SXL 3.33% Existing
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
Western Refining Logistics, LP WNRL 3.33% Existing
Williams Partners, L.P. WPZ 3.33% Existing

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

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 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 (March 10, 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 March 17, 2017 the 30 constituents of the Index will be rebalanced, and the following changes will become effective on March 20, 2017.

Cushing® MLP Market Cap Index constituents, effective March 20, 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 6.96% Existing
Williams Partners, L.P. WPZ 6.15% Existing
MPLX LP MPLX 5.70% Existing
Buckeye Partners, L.P. BPL 5.69% Existing
ONEOK Partners, L.P. OKS 5.54% Existing
Sunoco Logistics Partners, L.P. SXL 3.86% Existing
Western Gas Partners, L.P. WES 2.92% Existing
EQT Midstream Partners, LP EQM 2.78% Existing
Tesoro Logistics LP TLLP 2.45% Existing
NuStar Energy, L.P. NS 2.38% Existing
Enbridge Energy Partners,  L.P. EEP 2.30% Existing
DCP Midstream, LP DCP 2.09% Existing
Genesis Energy, L.P. GEL 2.05% Existing
Spectra Energy Partners, LP SEP 2.04% Existing
TC PipeLines, LP TCP 1.91% Existing
AmeriGas Partners, L.P. APU 1.91% Existing
EnLink Midstream Partners, LP ENLK 1.82% Existing
Shell Midstream Partners, L.P. SHLX 1.73% Existing
Antero Midstream Partners LP AM 1.63% Existing
Tallgrass Energy Partners, LP TEP 1.46% Existing
Phillips 66 Partners LP PSXP 1.41% Existing
Boardwalk Pipeline Partners, L.P. BWP 1.39% Existing
Rice Midstream Partners LP RMP 1.07% Existing
Dominion Midstream Partners, LP DM 1.01% NEW
Suburban Propane Partners, L.P. SPH 0.91% Existing
Holly Energy Partners, L.P. HEP 0.84% Existing


Constituent removed, effective March 20, 2017:

Company Name Ticker
Tallgrass Energy GP, LP TEGP

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 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.

tv_bg

Cushing’s Libby Toudouze featured on Bloomberg Television

The segment, titled Trump’s Energy Policy and Commodities Market is available through the following link: http://www.executiveinterviews.biz/EICMS/NYLIM/U18048/libby-toudouze-blus-31-jan-17-5.5MB-upd-2.mp4

Libby Toudouze, portfolio manager at Cushing Asset Management, and Dane Davis, commodities research analyst at Barclays, look at commodity investment strategies related to President Donald Trump’s energy policy.

Swank Capital and Cushing® Asset Management Announce a Potential Constituent Change to the Cushing® MLP High Income Index

Dallas, Texas (February 9, 2017) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim change to the constituents of The Cushing® MLP High Income Index (the “Index”). Index constituent Columbia Pipeline Partners LP (NYSE: CPPL) previously entered into a Merger Agreement with its general partner, a wholly-owned subsidiary of TransCanada Corporation (Toronto: TRP) wherein CPPL would be acquired by the general partner, subject to the approval of CPPL unitholders. A special meeting of the CPPL unitholders that was adjourned February 7, 2017, for lack of a quorum is scheduled to reconvene on February 16, 2017, commencing at 9:00 AM Central Standard Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, CPPL will be removed from the Index after the markets close on February 16, 2017, and replaced with CONE Midstream Partners LP (NYSE: CNNX) at CPPL’s then-current weight. The change will be effective February 17, 2017.

The remaining constituents of the Index will be unaffected.

If the acquisition 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), The Cushing® MLP Market Cap Index (Bloomberg Ticker:  CMCI) and The Cushing® Upstream Energy Income Index (Bloomberg Ticker:  CRTY).  For more information, please visit www.swankcapital.com/the-cushing-indices.

For additional information contact:

Judson Redmond

214-692-6334

www.swankcapital.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 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 a Potential Constituent Change to The Cushing® 30 MLP Index

Dallas, Texas (February 9, 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”). Index constituent Columbia Pipeline Partners LP (NYSE: CPPL) previously entered into a Merger Agreement with its general partner, a wholly-owned subsidiary of TransCanada Corporation (Toronto: TRP) wherein CPPL would be acquired by the general partner, subject to the approval of CPPL unitholders. A special meeting of the CPPL unitholders that was adjourned February 7, 2017, for lack of a quorum is scheduled to reconvene on February 16, 2017, commencing at 9:00 AM Central Standard Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, CPPL will be removed from the Index after the markets close on February 16, 2017, and replaced with Suburban Propane Partners, L.P. (NYSE: SPH) at CPPL’s then-current weight. The change will be effective February 17, 2017.

The remaining constituents of the Index will be unaffected.

If the acquisition 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 proprietary fundamental scoring 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 www.swankcapital.com/the-cushing-indices.

Contact:

Judson Redmond

214-692-6334

www.swankcapital.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 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.