DALLAS, Jan. 8, 2019 /PRNewswire/ -- Swank Capital,
LLC and Cushing® Asset
Management, LP announce an upcoming interim change to the
constituents of The Cushing® Utility Index (the
"Index"). The Cushing®
30 MLP Index (the "Sub-Index") announced today that after the
market closes on January 14, 2019,
and effective on January 15, 2019,
Index constituent Dominion Energy Midstream Partners, LP (NYSE: DM)
will be removed from the Sub-Index and replaced with Western Gas
Equity Partners, LP (NYSE: WGP). Consequently, per the Index's
Methodology Guide, after the market closes on January 14, 2019, and effective on January 15, 2019, WGP will replace DM in the
Index at DM's then-current weight.
There will be no changes to the remaining constituents of the
Index due to this event.
ABOUT THE CUSHING®
UTILITY INDEX
The Cushing® Utility
Index tracks the performance of widely held companies engaged in
electric, gas and water utility services as well as master limited
partnerships (MLPs) engaged in storage and transportation of oil,
natural gas, coal and consumable fuels. 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 "CUTI".
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® Energy
Supply Chain Index (Bloomberg Ticker: CSCI) and The Cushing® Transportation Index
(Bloomberg Ticker: CTRI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing® Utility
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-CUTI
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC