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

DALLAS, April 25, 2017 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim constituent change and special rebalancing of The Cushing^® MLP Market Cap 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 24, 2017, distribution cut announcement by Williams Partners L.P. (NYSE: WPZ), after the market closes on April 28, 2017, (the last trading day of April 2017) and effective on May 1, 2017, WPZ will be removed from the Index and NGL Energy Partners LP (NYSE: NGL) will be added to the Index.

Additionally, because WPZ is an incumbent constituent with a weighting exceeding 3.5%, per the Index's methodology guide, the Index will be rebalanced and all constituent weightings will be adjusted effective on May 1, 2017, as shown below.

The new constituent weightings show below are predicated upon the unitholders of Energy Transfer Partners, L.P. (NYSE: ETP) approving the acquisition of ETP by Sunoco Logistics Partners, L.P. (NYSE: SXL) on August 26, 2017, which would result in the constituent change and rebalance of the Index previously announced on April 19, 2017. If SXL has completed its expected name change to "Energy Transfer Partners, L.P." and ticker change to "ETP" by April 28, 2017, SXL will remain an Index constituent under the new name and ticker at the weight shown below.

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.

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.

CUSH-CMCI

SOURCE Cushing® Asset Management, LP and Swank Capital, LLC