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DALLAS, Jan. 8, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing ® Energy Index (the "Index"). The Cushing ® 30 MLP Index (the "Sub-Index") announced today that after the market closes on January 14, 2019, and effective on January 15, 2019, Index constituent Dominion Energy Midstream Partners, LP (NYSE:DM) will be removed from the Sub-Index and replaced with Western Gas Equity Partners, LP (NYSE: WGP). Consequently, per the Index's Methodology Guide, after the market closes on January 14, 2019, and effective on January 15, 2019, WGP will replace DM in the Index at DM's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
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ABOUT THE CUSHING ® ENERGY INDEX
The Cushing ® Energy Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, and storage and transportation of oil, natural gas, coal and consumable fuels, as well as oil and natural gas equipment and services companies. 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 "CENI".
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 which invest primarily in securities of midstream energy infrastructure companies and other natural resource companies.
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Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing ® 30 MLP Index (NYSE:MLPX), The Cushing ® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing ® MLP High Income Index (NYSE:MLPY), The Cushing ® Energy Supply Chain Index (TICKER:CSCI), The Cushing ® Transportation Index (TICKER:CTRI) and The Cushing ® Utility Index (TICKER:CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing ® Energy 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-CENI
SOURCE Cushing Asset Management, LP; Swank Capital, LLC
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.