Swank Capital Announces Change To The Cushing® 30 MLP Index
DALLAS, Aug. 31 /PRNewswire/ -- Swank Capital, LLC and Swank Energy Income Advisors, LP announced today that due to the unit holder approved acquisition of Williams Pipeline Partners L.P. (NYSE: WMZ) by Williams Partners L.P. (NYSE: WPZ), Williams Pipeline Partners L.P. is being removed, effective immediately, from The Cushing® 30 MLP Index (Bloomberg and FactSet: MLPX and MLPXTR).
Penn Virginia GP Holdings, L.P. (NYSE: PVG) replaces Williams Pipeline Partners L.P. in The Cushing® 30 MLP Index. More information regarding The Cushing ® 30 MLP Index can be found at www.cushingmlpindex.com.
Penn Virginia GP Holdings, L.P. is a Pennsylvania-based master limited partnership (MLP). Its assets consist of the general partner interest, incentive distribution rights, and a significant limited partner interest in Penn Virginia Resource Partners, L.P. (NYSE: PVR). Penn Virginia Resource Partners, L.P. is an MLP involved in the management of coal properties and the gathering and processing of natural gas.
The Cushing® 30 MLP Index tracks the performance of 30 publicly traded securities that hold midstream 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.INDEX CONSTITUENTS: ARLP, APU, BWP, BPL, CPNO, DEP, EPB, EEP, ETE, ETP, EPE, EPD, GEL, NRGY, KMP, MMP, MWE, NRP, NS, NSH, OKS, PAA, RGNC, SEP, SXL, NGLS, TCLP, WES, WPZ and PVG. RELATED ENTITIES: CREDIT SUISSE CUSHING 30 MLP INDEX ETN (NYSE: MLPN). Website: www.credit-suisse.com/notes 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. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words, "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those that are anticipated. This press release should not be construed as an offering of securities. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Cushing® 30 MLP Index is the exclusive property of Swank Capital, LLC, which has contracted with 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 Energy Income Advisors, LP
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV