DALLAS, April 1, 2021 /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, 2021, the 30 constituents
of the Index will be rebalanced, and the following changes will
become effective on April 12,
2021:
Constituents added:
Black Stone Minerals, L.P. (NYSE:
BSM)
KNOT Offshore Partners LP (NYSE: KNOP)
Global Partners LP (NYSE: GLP)
Hess Midstream Partners LP (NYSE: HESM)
Constituents removed:
Noble Midstream Partners, LP
(NASDAQ: NBLX)
Kinder Morgan, Inc. (NYSE: KMI)
Cheniere Energy, Inc. (NYSE: LNG)
Targa Resources Corp. (NYSE: TRGP)
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.
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SOURCE Cushing® Asset Management, LP and Swank Capital, LLC