Swank Capital Announces Changes To The CushingÂ® 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.
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