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

Dallas, Texas (August 2, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim rebalance of The Cushing® MLP Market Cap Index (the “Index”). On May 16, 2018, Index constituents The Williams Companies, Inc. (NYSE: WMB) and Willams Partners L.P. (NYSE: WPZ) entered into an Agreement and Plan of Merger wherein WMB would acquire WPZ, subject to the consent of WPZ unitholders and the approval of the issuance of additional WMB stock by WMB shareholders. An affiliated company of WMB and WPZ holding a majority of limited partner interests in WPZ provided its consent for the transaction on May 16. A special meeting of WMB shareholders is scheduled for August 9, 2018, for the purpose of voting on the issuance of additional WMB stock to effect the merger. Per the Index’s methodology guide, after the market closes on August 9, 2018, and effective on August 10, 2018, WPZ will be removed as a constituent of the Index.

Because WPZ is expected to have a weight in the Index in excess of 3.5% at the time of its removal, per the Index’s methodology guide, the Index will be rebalanced and all constituent weightings will be adjusted effective on August 10, 2018, as shown below.

Cushing® MLP Market Cap Index constituents, effective August 10, 2018:

Company Name Ticker Index Weight Status
Enterprise Products Partners, L.P. EPD 7.50% Existing
Energy Transfer Partners, L.P. ETP 7.50% Existing
Magellan Midstream Partners, L.P. MMP 7.50% Existing
The Williams Companies, Inc. WMB 7.50% Existing
Kinder Morgan, Inc. KMI 7.50% NEW
ONEOK, Inc. OKE 7.50% NEW
Cheniere Energy, Inc. LNG 7.33% NEW
Energy Transfer Equity, L.P. ETE 6.62% Existing
Targa Resources Corp. TRGP 5.69% NEW
MPLX LP MPLX 5.45% Existing
Western Gas Partners, L.P. WES 2.67% Existing
Buckeye Partners, L.P. BPL 2.64% Existing
EQT Midstream Partners, LP EQM 2.37% Existing
Andeavor Logistics LP ANDX 2.11% Existing
DCP Midstream, LP DCP 2.10% Existing
EnLink Midstream Partners, LP ENLK 2.05% Existing
Tallgrass Energy, LP TGE 1.83% NEW
AmeriGas Partners, L.P. APU 1.55% Existing
Phillips 66 Partners LP PSXP 1.51% Existing
Antero Midstream Partners LP AM 1.50% Existing
Shell Midstream Partners, L.P. SHLX 1.46% Existing
Enbridge Energy Partners, L.P. EEP 1.26% Existing
SemGroup Corporation SEMG 1.03% NEW
Alliance Resource Partners, L.P. ARLP 0.95% Existing
Western Gas Equity Partners, LP WGP 0.92% Existing
Crestwood Equity Partners LP CEQP 0.90% Existing
Enable Midstream Partners, LP ENBL 0.83% Existing
Antero Midstream GP LP AMGP 0.78% Existing
Holly Energy Partners, L.P. HEP 0.73% Existing
NGL Energy Partners LP NGL 0.72% Existing


Constituents removed, effective August 10, 2018:

Company Name Ticker
BP Midstream Partners LP BPMP
Black Stone Minerals, L.P. BSM
EnLink Midstream, LLC ENLC
Noble Midstream Partners LP NBLX
Sunoco LP SUN
Williams Partners L.P. WPZ

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index tracks 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) ), 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® MLP Market Cap 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.

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index

Dallas, Texas (August 2, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On May 16, 2018, Index constituents The Williams Companies, Inc. (NYSE: WMB) and Willams Partners L.P. (NYSE: WPZ) entered into an Agreement and Plan of Merger wherein WMB would acquire WPZ, subject to the consent of WPZ unitholders and the approval of the issuance of additional WMB stock by WMB shareholders. An affiliated company of WMB and WPZ holding a majority of limited partner interests in WPZ provided its consent for the transaction on May 16. A special meeting of WMB shareholders is scheduled for August 9, 2018, for the purpose of voting on the issuance of additional WMB stock to effect the merger. Per the Index’s methodology guide, after the market closes on August 9, 2018, and effective on August 10, 2018, Kinder Morgan, Inc. (NYSE: KMI) will replace WPZ as a constituent of the Index at WPZ’s then-current weight.

There will be no changes to the remaining constituents of the Index on that date.

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 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), 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 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.

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

Dallas, Texas (July 27, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the “Index”). Per the Index’s methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the July 27, 2018, distribution cut announcement by American Midstream Partners, L.P. (NYSE: AMID), after the market closes on August 3, 2018, (the distribution ex-date) and effective on August 6, 2018, Tallgrass Energy, LP (NYSE: TGE) will replace AMID as a constituent of the Index at AMID’s then-current weight.

There will be no changes to the remaining constituents of the Index on August 3, 2018.

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) ), 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® MLP High Income Index (the “Index”) is the exclusive property of Swank Capital, LLC and 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 Release Revised Index Methodology Guides for The Cushing® 30 MLP Index, The Cushing® MLP Market Cap Index and The Cushing® MLP High Income Index

Dallas, Texas (July 16, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce the publication of revised Index Methodology Guides for The Cushing® 30 MLP Index, The Cushing® MLP Market Cap Index and The Cushing® MLP High Income Index (each an “Index” and collectively the “Indices”). The revised Index Methodology Guides include an expansion to the types of companies that will be considered for inclusion in the Indices. In addition to master limited partnerships (MLPs) and companies holding limited or general partner interests in MLPs, each Index will also be able to include non-MLP energy midstream corporations as constituents (all such potential constituents are collectively referred to as “Midstream Companies”). Furthermore, conversion of a constituent from an MLP or a company holding a limited or general partner interest in an MLP to another legal structure will no longer result in the removal of that constituent from the Index so long as no other corporate event making the constituent ineligible for inclusion in the Index occurs.

The revisions also incorporate language changes to enhance clarity and update references. The revised Index Methodology Guides are available for review on the Cushing Indices website at http://www.cushingasset.com/indices and will become effective on July 16, 2018

ABOUT THE CUSHING® 30 MLP INDEX

The Cushing® 30 MLP Index tracks the performance of 30 publicly traded Midstream Companies 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 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 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 Midstream Companies. The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The constituents are selected from the entire universe of publicly traded Midstream Companies. 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 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 Midstream Companies 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 investors by sponsoring a variety of industry benchmarks in addition to the Indices, including 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 Cushing® MLP Market Cap Index and The Cushing® MLP High Income Index (each an “Index” and collectively the “Indices”) are 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 Indices. 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 Indices and none shall be liable for any errors or omissions in calculating the Indices.

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® MLP Market Cap Index

Dallas, Texas (July 13, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® MLP Market Cap Index (the “Index”). On April 25, 2018, Index constituents EQT Midstream Partners, LP (NYSE: EQM) and Rice Midstream Partners LP (NYSE: RMP) entered into an agreement and plan of merger wherein EQM would acquire RMP, subject to the approval of RMP unitholders. A special meeting of RMP unitholders is scheduled for July 20, 2018, for the purpose of considering and voting on the proposed transaction. Per the Index’s methodology guide, after the market closes on July 20, 2018, and effective on July 23, 2018, Sunoco LP (NYSE: SUN) will replace RMP as a constituent of the Index at RMP’s then-current weight.

There will be no changes to the remaining constituents of the Index on that date.

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index tracks 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) ), 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® MLP Market Cap 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.

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index

Dallas, Texas (July 13, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On April 25, 2018, Index constituents EQT Midstream Partners, LP (NYSE: EQM) and Rice Midstream Partners LP (NYSE: RMP) entered into an agreement and plan of merger wherein EQM would acquire RMP, subject to the approval of RMP unitholders. A special meeting of RMP unitholders is scheduled for July 20, 2018, for the purpose of considering and voting on the proposed transaction. Per the Index’s methodology guide, after the market closes on July 20, 2018, and effective on July 23, 2018, CNX Midstream Partners LP (NYSE: CNXM) will replace RMP as a constituent of the Index at RMP’s then-current weight.

There will be no changes to the remaining constituents of the Index on that date.

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 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), 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 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.

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® MLP Market Cap Index

Dallas, Texas (July 11, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® MLP Market Cap Index (the “Index”). On June 29, 2018, the general partner of Index constituent Boardwalk Pipeline Partners, LP (NYSE: BWP) elected to exercise its right to purchase all of the issued and outstanding common units of BWP that it does not already own. BWP units are expected trade on the NYSE through July 18, 2018, and be delisted on July 19, 2018. Per the Index’s methodology guide, after the market closes on July 18, 2018, and effective on July 19, 2018, BP Midstream Partners LP (NYSE: BPMP) will replace BWP as a constituent of the Index at BWP’s then-current weight.

There will be no changes to the remaining constituents of the Index.

ABOUT THE CUSHING® MLP MARKET CAP INDEX

The Cushing® MLP Market Cap Index tracks 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) ), 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® MLP Market Cap 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.

 

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index

Dallas, Texas (July 11, 2018) Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On June 29, 2018, the general partner of Index constituent Boardwalk Pipeline Partners, LP (NYSE: BWP) elected to exercise its right to purchase all of the issued and outstanding common units of BWP that it does not already own. BWP units are expected trade on the NYSE through July 18, 2018, and be delisted on July 19, 2018. Per the Index’s methodology guide, after the market closes on July 18, 2018, and effective on July 19, 2018, Valero Energy Partners LP (NYSE: VLP) will replace BWP as a constituent of the Index at BWP’s then-current weight.

There will be no changes to the remaining constituents of the Index.

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 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), 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 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.