PR Newswire
DALLAS, April 25, 2017
DALLAS, April 25, 2017 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim constituent change and special rebalancing of The Cushing® MLP Market Cap Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the earlier of the distribution ex-date or the last trading day of the current month. Due to the April 24, 2017, distribution cut announcement by Williams Partners L.P. (NYSE: WPZ), after the market closes on April 28, 2017, (the last trading day of April 2017) and effective on May 1, 2017, WPZ will be removed from the Index and NGL Energy Partners LP (NYSE: NGL) will be added to the Index.
Additionally, because WPZ is an incumbent constituent with a weighting exceeding 3.5%, per the Index's methodology guide, the Index will be rebalanced and all constituent weightings will be adjusted effective on May 1, 2017, as shown below.
The new constituent weightings show below are predicated upon the unitholders of Energy Transfer Partners, L.P. (NYSE: ETP) approving the acquisition of ETP by Sunoco Logistics Partners, L.P. (NYSE: SXL) on August 26, 2017, which would result in the constituent change and rebalance of the Index previously announced on April 19, 2017. If SXL has completed its expected name change to "Energy Transfer Partners, L.P." and ticker change to "ETP" by April 28, 2017, SXL will remain an Index constituent under the new name and ticker at the weight shown below.
Cushing® MLP Market Cap Index constituents effective May 1, 2017: | |||
Company Name | Ticker | 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 |
ONEOK, Inc. | OKE | 7.50% | Existing |
Sunoco Logistics Partners, L.P. | SXL | 7.50% | Existing |
Buckeye Partners, L.P. | BPL | 6.62% | Existing |
MPLX LP | MPLX | 6.42% | Existing |
ONEOK Partners, L.P. | OKS | 6.24% | Existing |
EQT Midstream Partners, LP | EQM | 3.15% | Existing |
NuStar Energy, L.P. | NS | 2.96% | Existing |
Western Gas Partners, L.P. | WES | 2.93% | Existing |
Tesoro Logistics LP | TLLP | 2.80% | Existing |
Enbridge Energy Partners, L.P. | EEP | 2.75% | Existing |
DCP Midstream, LP | DCP | 2.39% | Existing |
Genesis Energy, L.P. | GEL | 2.32% | Existing |
Spectra Energy Partners, LP | SEP | 2.21% | Existing |
AmeriGas Partners, L.P. | APU | 2.19% | Existing |
TC PipeLines, LP | TCP | 2.14% | Existing |
EnLink Midstream Partners, LP | ENLK | 2.01% | Existing |
Shell Midstream Partners, L.P. | SHLX | 1.99% | Existing |
Antero Midstream Partners LP | AM | 1.72% | Existing |
Tallgrass Energy Partners, LP | TEP | 1.63% | Existing |
Boardwalk Pipeline Partners, L.P. | BWP Werbung Mehr Nachrichten zur MLP SE Aktie kostenlos abonnieren
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