Dallas, Texas (April 21, 2015) Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim change to The Cushing® MLP Market Cap Index (the “Index”). Index constituents Regency Energy Partners LP (NYSE: RGP) and Energy Transfer Partners, L.P. (NYSE: ETP) previously entered into a merger agreement wherein RGP would be acquired by ETP, subject to the approval of RGP unitholders. A special meeting of the unitholders of RGP is scheduled for April 28, 2015, at 11:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.
Should the acquisition be approved, RGP will be removed from the Index and replaced with Boardwalk Pipeline Partners, LP (NYSE: BWP) after the markets close on April 28, 2015. The change will be effective on April 29, 2015.
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 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 News Release for immediate release Cushing® Asset Management, LP 8117 Preston Road, Suite 440 Dallas, TX 75225 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 www.swankcapital.com/the-cushing-indices.
For additional information contact:
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.