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

DALLAS, April 26, 2016 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing^® 30 MLP Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the earlier of the distribution ex-date or the last trading day of the current month. Due to the April 26, 2016, distribution cut announcement by Alliance Resource Partners, L.P. (NASDAQ: ARLP), after the market closes on April 29, 2016, (the last trading day of the current month) and effective on May 2, 2016, NuStar Energy L.P. (NYSE: NS) will replace ARLP as a constituent of the Index.

This constituent change is in addition to the constituent change previously announced on April 22, 2016, in which ONEOK, Inc. (NYSE: OKE) will replace NGL Energy Partners LP (NYSE: NGL) as a constituent after the market closes on April 29, 2016, and effective on May 2, 2016. The following table summarizes the upcoming constituent changes to the Index:

Cushing^® 30 MLP Index changes, effective May 2, 2016:

Each replacement constituent will be added at the then-current weight of the corresponding removed constituent. There will be no changes to the remaining 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. 

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.

CUSH-MLPX

SOURCE Cushing Asset Management, LP and Swank Capital, LLC

Related Links

http://www.swankcapital.com