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Mittwoch, 19.04.2017 15:06 von | Aufrufe: 116

Swank Capital and Cushing® Asset Management Announce a Potential Constituent Change to The Cushing® MLP Market Cap Index

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PR Newswire

DALLAS, April 19, 2017 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim constituent change and special rebalancing of The Cushing® MLP Market Cap Index (the "Index"). Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) previously entered into a merger agreement with Sunoco Logistics Partners L.P. (NYSE: SXL), also an Index constituent, wherein SXL would acquire ETP, subject to the approval of ETP unitholders. A special meeting of ETP unitholders is scheduled for April 26, 2017, commencing at 10:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, ETP will be removed from the Index after the markets close on April 26, 2017, and replaced with Sunoco LP (NYSE: SUN). Additionally, because ETP is an incumbent constituent with a weighting exceeding 3.5%, the Index will be rebalanced and all constituent weightings will be adjusted as shown in the following table. The change will be effective April 27, 2017.

It is further expected that, following the consummation of the merger, SXL will change its name to "Energy Transfer Partners, L.P." and will apply to list its common units on the New York Stock Exchange under the ticker symbol "ETP". If the name and ticker changes are made, SXL will remain a constituent of the Index under the new name and ticker at the same weight as before the change.

If the acquisition is not approved, there will be no change to the constituents of the Index.

Cushing® MLP Market Cap Index constituents effective April 27, 2016, if acquisition approved by ETP unitholders on April 26, 2017:

Company Name

Ticker


ARIVA.DE Börsen-Geflüster

Kurse

5,55
-0,36%
MLP SE Chart

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Energy Transfer Equity, L.P.

ETE

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

7.50%

Existing

Sunoco Logistics Partners, L.P.

SXL

7.50%

Existing

ONEOK, Inc.

OKE

7.24%

Existing

Williams Partners, L.P.

WPZ

6.61%

Existing

Buckeye Partners, L.P.

BPL

6.03%

Existing

MPLX LP

MPLX

5.89%

Existing

ONEOK Partners, L.P.

OKS

5.82%

Existing

EQT Midstream Partners, LP

EQM

2.88%

Existing

Western Gas Partners, L.P.

WES

2.69%

Existing

NuStar Energy, L.P.

NS

2.68%

Existing

Tesoro Logistics LP

TLLP

2.55%

Existing

Enbridge Energy Partners,  L.P.

EEP

2.48%

Existing

DCP Midstream, LP

DCP

2.18%

Existing

Genesis Energy, L.P.

GEL

2.11%

Existing

AmeriGas Partners, L.P.

APU

2.05%

Existing

Spectra Energy Partners, LP

SEP

2.02%

Existing

TC PipeLines, LP

TCP

1.92%

Existing

EnLink Midstream Partners, LP

ENLK

1.84%

Existing

Shell Midstream Partners, L.P.

SHLX

1.82%

Existing

Antero Midstream Partners LP

AM

1.60%

Existing

Tallgrass Energy Partners, LP

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