press release

April 2, 2020, 9:02 a.m. EDT

Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

DALLAS, April 2, 2020 /PRNewswire/ -- Cushing [®] Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing [®] MLP High Income Index (the "Index") as part of normal index operations. After the markets close on April 9, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on April 13, 2020:

Constituents added: KNOT Offshore Partners LP /zigman2/quotes/206201911/composite KNOP -0.94%
Enviva Partners, LP /zigman2/quotes/208321734/composite EVA -3.05%
Kinder Morgan, Inc. /zigman2/quotes/208455654/composite KMI -4.45%
Cheniere Energy, Inc. /zigman2/quotes/206202121/composite LNG -2.68%

Constituents removed: Golar LNG Partners L.P. /zigman2/quotes/207999429/composite GMLP -6.14%
GasLog Partners LP /zigman2/quotes/203937090/composite GLOP -0.79%
Noble Midstream Partners LP /zigman2/quotes/200163789/composite NBLX -10.01%
Crestwood Equity Partners LP /zigman2/quotes/203439273/composite CEQP -6.33%

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 higher-yielding publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). Constituents are chosen according to a three-tiered 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 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, providing active management in markets where inefficiencies exist.

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) and The Cushing [® ] MLP Market Cap Index (bloomberg ticker:CMCI). For more information, please visit http://www.cushingasset.com/indices .

For additional information contact:
Jon Abel
214-692-6334
http://www.cushingasset.com

The Cushing [®] MLP High Income 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 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.

 

Cision
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SOURCE Cushing Asset Management, LP and Swank Capital, LLC

Copyright (C) 2020 PR Newswire. All rights reserved

/zigman2/quotes/206201911/composite
US : U.S.: NYSE
$ 12.61
-0.12 -0.94%
Volume: 95,085
Sept. 23, 2020 4:00p
P/E Ratio
10.84
Dividend Yield
16.49%
Market Cap
$424.03 million
Rev. per Employee
$578,360
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/zigman2/quotes/208321734/composite
US : U.S.: NYSE
$ 37.18
-1.17 -3.05%
Volume: 67,116
Sept. 23, 2020 4:00p
P/E Ratio
79.63
Dividend Yield
7.50%
Market Cap
$1.52 billion
Rev. per Employee
$658,175
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 12.23
-0.57 -4.45%
Volume: 15.04M
Sept. 23, 2020 4:00p
P/E Ratio
173.23
Dividend Yield
8.59%
Market Cap
$28.97 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/206202121/composite
US : U.S.: NYSE American
$ 49.05
-1.35 -2.68%
Volume: 793,396
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P/E Ratio
12.51
Dividend Yield
N/A
Market Cap
$12.71 billion
Rev. per Employee
$5.73M
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/zigman2/quotes/207999429/composite
US : U.S.: Nasdaq
$ 2.14
-0.14 -6.14%
Volume: 167,591
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P/E Ratio
7.79
Dividend Yield
3.78%
Market Cap
$161.28 million
Rev. per Employee
$662,811
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/zigman2/quotes/203937090/composite
US : U.S.: NYSE
$ 3.77
-0.03 -0.79%
Volume: 269,335
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P/E Ratio
N/A
Dividend Yield
36.10%
Market Cap
$270.02 million
Rev. per Employee
$210,221
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/zigman2/quotes/200163789/composite
US : U.S.: Nasdaq
$ 6.83
-0.76 -10.01%
Volume: 588,549
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P/E Ratio
3.14
Dividend Yield
25.39%
Market Cap
$685.91 million
Rev. per Employee
$3.10M
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/zigman2/quotes/203439273/composite
US : U.S.: NYSE
$ 11.98
-0.81 -6.33%
Volume: 1.03M
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P/E Ratio
N/A
Dividend Yield
20.87%
Market Cap
$941.35 million
Rev. per Employee
$3.85M
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