Swank Capital and Cushing® Asset Management Announce a Potential Constituent Change to The Cushing® MLP Market Cap Index

DALLAS, April 19, 2017 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim constituent change and special rebalancing of The Cushing^® MLP Market Cap Index (the "Index"). Index constituent Energy Transfer Partners, L.P. (NYSE: ETP) previously entered into a merger agreement with Sunoco Logistics Partners L.P. (NYSE: SXL), also an Index constituent, wherein SXL would acquire ETP, subject to the approval of ETP unitholders. A special meeting of ETP unitholders is scheduled for April 26, 2017, commencing at 10:00 AM Central Daylight Time for the purpose of considering and voting on the proposed acquisition.

If the acquisition is approved, ETP will be removed from the Index after the markets close on April 26, 2017, and replaced with Sunoco LP (NYSE: SUN). Additionally, because ETP is an incumbent constituent with a weighting exceeding 3.5%, the Index will be rebalanced and all constituent weightings will be adjusted as shown in the following table. The change will be effective April 27, 2017.

It is further expected that, following the consummation of the merger, SXL will change its name to "Energy Transfer Partners, L.P." and will apply to list its common units on the New York Stock Exchange under the ticker symbol "ETP". If the name and ticker changes are made, SXL will remain a constituent of the Index under the new name and ticker at the same weight as before the change.

If the acquisition is not approved, there will be no change to the constituents of the Index.

Cushing^® MLP Market Cap Index constituents effective April 27, 2016, if acquisition approved by ETP unitholders on April 26, 2017:

Constituent removed effective April 27, 2016, if acquisition approved by ETP unitholders on April 26, 2017:

ABOUT THE CUSHING^® MLP MARKET CAP INDEX

The Cushing^® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held master limited partnerships (MLPs). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded MLPs.  The Cushing^® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CMCI".

ABOUT SWANK CAPITAL AND CUSHING^® ASSET MANAGEMENT

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 which invest primarily in securities of MLPs and other natural resource companies.

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), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY) and The Cushing^® Upstream Energy Income Index (Bloomberg Ticker: CRTY). For more information, please visit http://www.cushingasset.com/indices.

The Cushing® MLP Market Cap Index (the "Index") is the exclusive property of Cushing Asset Management, LP, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain 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 nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

CUSH-CMCI

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SOURCE Cushing Asset Management, LP; Swank Capital, LLC