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Swank Capital and Cushing® Asset Management Announce a Constituent Corporate Action Affecting The Cushing® MLP High Income Index

Freitag, 13.01.2017 15:05 von

PR Newswire

DALLAS, Jan. 13, 2017 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming corporate action by one of the constituents of The Cushing® MLP High Income Index (the "Index") that will affect the Index. On January 4, 2017, Index constituent DCP Midstream Partners, LP (NYSE: DPM) announced that on January 23, 2017, its name will change to DCP Midstream, LP, and it will begin trading on the New York Stock Exchange with the symbol "DCP". Following the change in name and ticker, DCP Midstream, LP, will remain a constituent of the Index and its weight in the Index will be the same as the weight of DPM immediately prior to the name and ticker change.

There will be no changes to the other constituents of the Index.

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 http://www.cushingasset.com/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.

CUSH-MLPY

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-a-constituent-corporate-action-affecting-the-cushing-mlp-high-income-index-300390681.html

SOURCE Cushing Asset Management, LP and Swank Capital, LLC