DALLAS, June 19, 2018 /PRNewswire/ -- Swank Capital, LLC
and Cushing® Asset
Management, LP announce an upcoming interim change to the
constituents of The Cushing® Transportation Index (the
"Index"). The Cushing®
30 MLP Index (the "Sub-Index") announced today that after the
market closes on June 26, 2018, and
effective on June 27, 2018, Index constituent Tallgrass
Energy Partners, LP (NYSE: TEP) will be removed from the
Sub-Index and replaced with AmeriGas Partners, L.P. (NYSE: APU).
Consequently, per the Index's Methodology Guide, after the market
closes on June 26, 2018, and effective on
June 27, 2018, APU will replace TEP in the Index at TEP's
then-current weight.
There will be no changes to the remaining constituents of the
Index.
ABOUT THE CUSHING®
TRANSPORTATION INDEX
The Cushing®
Transportation Index tracks the performance of widely held
companies engaged in road, rail, marine and air transportation of
cargoes and passengers, 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 "CTRI".
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 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® Utility Index
(Bloomberg Ticker: CUTI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing®
Transportation 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-CTRI
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC