Actionable news
0
All posts from Actionable news
Actionable news in LINE: Linn Energy, LLC,

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® Upstream Energy Income Index

DALLAS, May 11, 2016 /PRNewswire/ -- Swank Capital, LLC and Cushing [®] Asset Management, LP announce today an immediate constituent change to The Cushing [®] Upstream Energy Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a bankruptcy will take place immediately after a bankruptcy filing. Due to the May 11, 2016, bankruptcy filing by Linn Energy, LLC LINE, -2.76% LINE will be removed from the Index after the market closes on May 11, 2016, and effective May 12, 2016, Mesa Royalty Trust MTR, +1.95% will replace LINE at LINE's then-current weight.

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

ABOUT THE CUSHING [® ] UPSTREAM ENERGY INCOME INDEX

The Index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production ("Upstream") energy master limited partnerships ("MLPs"). The Index is currently comprised of 25 U.S. royalty trusts and Upstream MLPs, weighted on a float-adjusted market capitalization basis with the weight of each constituent capped at 7.5% at...


More