Swank Capital and Cushing® MLP Asset Management Announce Name Change of The Cushing® Royalty Trust and Upstream MLP Index to The Cushing® Upstream Energy Income Index
DALLAS, Oct. 8, 2012 /PRNewswire/ -- Cushing MLP Asset Management, LP, a subsidiary of Swank Capital, LLC, announced today the name change of The Cushing® Royalty Trust and Upstream MLP Index to The Cushing® Upstream Energy Income Index (the "Index"). The constituents, methodology and the Bloomberg tickers for the Index (CRTY and CRTYTR) will remain unchanged. The name change is intended to provide a simpler and more comprehensive description of the Index and its constituents.
The Index is designed to track the performance of publicly traded U.S. royalty trusts and upstream exploration and production ("E&P") energy MLPs. The Index is currently comprised of 25 U.S. royalty trusts and E&P MLPs, weighted on a float-adjusted market capitalization basis with the weight of each constituent capped at 7.5% at rebalance. The Index is calculated by Standard & Poor's ("S&P") and priced on a real-time, daily basis by CME Group under the Bloomberg ticker CRTY as well as on a total-return basis, using end of day pricing, under the ticker CRTYTR. For more information about the Index, please visit: www.cushingmlpindex.com
ABOUT SWANK CAPITAL AND CUSHING® MLP ASSET MANAGEMENT
Cushing® MLP 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 that invest primarily in securities of MLPs and other energy income businesses. Cushing is also the sponsor of The Cushing® 30 MLP Index, a North American energy infrastructure index comprised of 30 equally weighted publicly traded MLPs. The Cushing® 30 MLP Index is calculated by Standard & Poor's and reported under the Bloomberg ticker "MLPX" and FactSet Ticker "MLPX-CME". Additionally, Cushing is the sponsor for The Cushing® MLP High Income Index which tracks the performance of 30 publicly traded energy and shipping MLP securities with an emphasis on current yield. The Cushing® MLP High Income Index is calculated by Standard & Poor's and reported under the Bloomberg ticker "MLPY" and FactSet ticker "MLPH-CME".
The Cushing® Upstream Energy Income Index (the "Index") is the exclusive property of Cushing® MLP Asset Management, LP, which has contracted with Standard & Poor's to maintain and calculate the Index. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC. "Calculated by S&P Custom Indices" and its related stylized mark(s) are service marks of Standard & Poor's Financial Services LLC and have been licensed for use by Cushing® MLP Asset Management, LP. S&P and its affiliates shall have no liability for any errors or omissions in calculating the Index.
SOURCE Cushing MLP Asset Management, LP