Swank Capital and Cushing® Asset Management Announce Constituent Changes to the Cushing® MLP High Income Index

DALLAS, Nov. 12, 2014 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announced an interim change to the constituents of The Cushing^® MLP High Income Index (the "Index"), as follows:

1. Breitburn Energy Partners LP (NASDAQ: BBEP) previously announced its intent to acquire QR Energy, LP, (NYSE: QRE) in a unit-for-unit exchange. A special meeting of the unitholders of QRE is scheduled for November 18, 2014, for the purpose of approving the proposed acquisition. Should the acquisition be approved, QRE will be removed from the Index and replaced by Suburban Propane Partners, L.P., (NYSE: SPH) after the markets close on November 18, 2014. The change will be effective on November 19, 2014.

2. Kinder Morgan, Inc., (NYSE: KMI) previously announced its intent to acquire El Paso Pipeline Partners, L.P. (NYSE: EPB) and Kinder Morgan Energy Partners, L.P. (NYSE: KMP). A special meeting of the unitholders of EPB and KMP is scheduled for November 20, 2014, for the purpose of approving the proposed acquisition. Should the acquisition be approved, each of EPB and KMP will be removed from the Index and replaced, respectively, by Legacy Reserves LP (NASDAQ: LGCY) and Ferrellgas Partners, L.P., (NYSE: FGP) after the markets close on November 20, 2014. The changes will be effective on November 21, 2014.

The remaining constituents of the Index will be unaffected.

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) and The Cushing^® Upstream Energy Income Index (Bloomberg Ticker:  CRTY).  For more information, please visit www.swankcapital.com/the-cushing-indices. 

The Cushing^® MLP High Income 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 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 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.

SOURCE Cushing Asset Management, LP and Swank Capital, LLC

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