DALLAS, Dec. 19, 2019 /PRNewswire/ -- Cushing^® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing^® 30 MLP Index (the "Index"). On December 17, 2019, Index constituent Tallgrass Energy, LP (NYSE:TGE) announced that, pursuant to a merger agreement with Blackstone Infrastructure Partners, it had agreed not to pay distributions during the pendency of the transactions contemplated by the merger agreement. Per the Index's methodology guide, this distribution cut event will result in a constituent replacement. Accordingly, after the market closes on December 27, 2019, and effective on December 30, 2019, Plains GP Holdings, L.P. (NYSE:PAGP) will replace TGE as a constituent of the Index at TGE's then-current weight.

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

ABOUT THE CUSHING^® 30 MLP INDEX

The Cushing^® 30 MLP Index tracks the performance of 30 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 of the Index are selected by using a formula-based proprietary valuation model developed by Cushing^® Asset Management, LP to rank Midstream Companies for potential inclusion in the Index. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPX".

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.

Contact:
Brian Atwood
214-692-6334
www.cushingasset.com

CUSH-MLPX

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