Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® MLP High Income Index

DALLAS, Nov. 2, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce an upcoming interim change to constituents of The Cushing^® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the November 2, 2018, distribution cut announcement by Buckeye Partners, L.P. BPL, after the market closes on November 9, 2018, (the distribution ex-date) and effective on November 12, 2018, Phillips 66 Partners LP PSXP will replace BPL as a constituent of the Index at BPL's then-current weight.

There will be no changes to the remaining constituents of the Index due to this event.

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 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 Midstream Companies 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 MLPX, The Cushing^® MLP Market Cap Index CMCI ), The Cushing^® Energy Index CENI, The Cushing^® Energy Supply Chain Index CSCI, The Cushing^® Transportation Index CTRI and The Cushing^® Utility Index CUTI.  For more information, please visit http://www.cushingasset.com/indices.  

Contact:
Judson Redmond
214-692-6334
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 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 Swank Capital, LLC, and 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

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