Swank Capital Announces Changes to The Cushing® 30 MLP Index
DALLAS, Nov. 22, 2010 /PRNewswire/ -- Swank Capital, LLC and Swank Energy Income Advisors, LP announced today that Niska Gas Storage Partners LLC (NYSE: NKA) will replace Enterprise GP Holdings L.P. (NYSE: EPE) in The Cushing® 30 MLP Index after the close of trading on Monday, November 29, 2010. Enterprise GP Holdings L.P. (NYSE: EPE) is being acquired by The Cushing® 30 MLP Index constituent Enterprise Products Partners L.P. (NYSE: EPD). The transaction is expected to close on November 22, 2010. After the close of trading today the constituent weighting of Enterprise Products Partners L.P. (NYSE: EPD) in the Index will be increased by the closing constituent weighting of Enterprise GP Holdings L.P. (NYSE: EPE). Niska Gas Storage Partners LLC (NYSE: NKA) initial weighting in the Index will be based upon the weighting of Enterprise GP Holdings L.P. (NYSE: EPE) at the close of trading November 22, 2010.
Swank Capital will monitor this transaction, and post any relevant updates to its website: www.cushingmlpindex.com
Niska Gas Storage Partners LLC is an independent owner and operator of natural gas storage assets in North America. The company stores natural gas for a broad range of customers, including financial institutions, marketers, pipelines, power generators, utilities and producers of natural gas.
The Cushing® 30 MLP Index tracks the performance of 30 publicly traded securities that hold mid-stream energy infrastructure assets in North America chosen according to a proprietary fundamental scoring model (SValuES©) developed by Swank Energy Income Advisors, LP to rank potential MLPs for inclusion in the Index. The Cushing® 30 MLP Index is calculated by Standard & Poor's and reported on a real-time basis under the Bloomberg ticker MLPX.
Current MLPX Index Constituents: ARLP, APU, BWP, BPL, CPNO, DEP, EPB, EEP, ETE, ETP, EPD, GEL, NRGY, KMP, MMP, MWE, NRP, NS, NSH, OKS, PAA, PVG, RGNC, SEP, SXL, NGLS, TCLP, WES, WPZ.
ABOUT SWANK ENERGY INCOME ADVISORS, LP.
Swank Energy Income Advisors, LP ("Swank Energy"), is an SEC-registered investment adviser headquartered in Dallas, Texas. Swank Energy serves as investment adviser to affiliated funds, which invest primarily in securities of MLPs and other natural resource companies. Swank Energy is also the sponsor for The Cushing® 30 MLP Index which is a fundamental based 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". Swank Energy continues to expand its platform of MLP-related investment products, leveraging extensive industry contacts and unparalleled research depth to drive both passive and actively managed investment opportunities for individual and institutional investors. Swank Energy seeks to identify and exploit investment niches it believes are generally less understood and less followed by the broader investor community.
The Cushing® 30 MLP Index (the "Cushing® 30") is the exclusive property of Swank Capital, LLC, which has contracted with the Standard & Poor's ("S&P") 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 by use by Swank Capital, LLC. S&P and its affiliates shall have no liability for any errors or omissions in calculating the Index.
SOURCE Swank Capital, LLC