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Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index

DALLAS, April 22, 2016 /PRNewswire/ -- Swank Capital, LLC and Cushing [®] Asset Management, LP announce an upcoming interim change to the constituents of The Cushing [®] 30 MLP Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the earlier of the ex-date or the last trading day of the current month. Due to the April 21, 2016, distribution cut announcement by NGL Energy Partners LP NGL, +30.79% after the market closes on April 29, 2016, (both the last trading day of April 2016 and the ex-date of NGL's distribution) and effective on May 2, 2016, ONEOK, Inc. OKE, +1.82% will replace NGL as a constituent of the Index at the then-current weight of NGL.

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


The Cushing [® ] 30 MLP Index tracks the performance of 30 publicly traded MLP securities that hold midstream energy infrastructure assets in North America, chosen according to...