DALLAS, June 14, 2019 /PRNewswire/ -- Swank Capital,
LLC and Cushing® Asset
Management, LP announce an upcoming interim change to the
constituents of The Cushing® Energy Supply Chain Index
(the "Index"). The Cushing® 30 MLP Index (the
"Sub-Index") announced today that after the market closes on
June 21, 2019, and effective on
June 24, 2019, Index constituent
Surburban Propane Partners, L.P. (NYSE: SPH) will be removed from
the Sub-Index. No direct replacement for SPH was named. Per the
Index's Methodology Guide, after the market closes on June 21, 2019, the constituents of the Index will
be rebalanced and the following changes will become effective on
June 24, 2019:
Constituents added:
NuStar Energy L.P. (NYSE: NS)
Energy Transfer LP (NYSE: ET)
Shell Midstream Partners, L.P. (NYSE: SHLX)
Sunoco LP (NYSE: SUN)
Constituents removed:
BP Midstream Partners LP (NYSE:
BPMP)
EnLink Midstream, LLC (NYSE: ENLC)
NGL Energy Partners LP (NYSE: NGL)
Suburban Propane Partners, L.P. (NYSE: SPH)
Corteva, Inc. (NYSE: CTVA)
ABOUT THE CUSHING®
ENERGY SUPPLY CHAIN INDEX
The Cushing® Energy
Supply Chain Index tracks the performance of widely held companies
engaged in exploration and production, refining and marketing, or
storage and transportation of oil, natural gas, coal and consumable
fuels; oil and natural gas equipment and services companies; and
companies that extract and/or manufacture materials. Constituents
of the Index are weighted based on current yield. The Index price
level is calculated by S&P Dow Jones Indices and reported on a
real-time basis under the Bloomberg ticker "CSCI".
ABOUT CUSHING® ASSET
MANAGEMENT AND SWANK CAPITAL
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 midstream energy infrastructure
companies and other natural resource companies.
Cushing is also dedicated to
serving the needs of investors by sponsoring a variety of
benchmarks, including The Cushing® 30 MLP Index (Bloomberg
Ticker: MLPX), The Cushing® 30 MLP Market Cap Index
(Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index
(Bloomberg Ticker: MLPY), The Cushing® Energy
Index (Bloomberg Ticker: CENI), The Cushing® Transportation Index
(Bloomberg Ticker: CTRI) and The Cushing® Utility Index
(Bloomberg Ticker: CUTI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Brian Atwood
214-692-6334
www.cushingasset.com
The Cushing® Energy
Supply Chain Index (the "Index") is the exclusive property of Swank
Capital, LLC, and Cushing Asset Management, LP, which have
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 Swank Capital, LLC, and 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-CSCI
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC