Swank Capital and Cushing® MLP Asset Management Announce Interim Constituent Change to The Cushing® 30 MLP Index
Dallas, Texas (February 10, 2014) Swank Capital, LLC and Cushing® MLP Asset Management, LP announced today an expected change to a constituent of The Cushing® 30 MLP Index (the “Index”). Due to the announcement today by Boardwalk Pipeline Partners, L.P. (BWP) of a reduction of its quarterly distribution, Plains GP Holdings, L.P. (PAGP) will replace (BWP) as a constituent to the Index after the market closes on February 18, 2014, effective as of February 19, 2014. No other planned changes to Index constituents to be effective at that time.
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® MLP 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” and FactSet ticker “MLPX-CME”.
ABOUT SWANK CAPITAL AND CUSHING® MLP ASSET MANAGEMENT
Cushing® MLP 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 Index (Bloomberg Ticker: CRTY). For more information, please visit www.swankcapital.com/the-cushing-indices.
The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Cushing® MLP 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); 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® MLP Asset Management, LP. None of S&P Dow Jones Indices, SPFS, Dow Jones S&P or any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions in calculating the Index.
SOURCE Swank Capital, LLC; Cushing MLP Asset Management, LP