Swank Capital and Cushing® Asset Management Release Revised Index Methodology Guides for The Cushing® 30 MLP Index, The Cushing® MLP Market Cap Index and The Cushing® MLP High Income Index

DALLAS, July 16, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing^® Asset Management, LP announce the publication of revised Index Methodology Guides for The Cushing^® 30 MLP Index, The Cushing^® MLP Market Cap Index and The Cushing^® MLP High Income Index (each an "Index" and collectively the "Indices"). The revised Index Methodology Guides include an expansion to the types of companies that will be considered for inclusion in the Indices. In addition to master limited partnerships (MLPs) and companies holding limited or general partner interests in MLPs, each Index will also be able to include non-MLP energy midstream corporations as constituents (all such potential constituents are collectively referred to as "Midstream Companies"). Furthermore, conversion of a constituent from an MLP or a company holding a limited or general partner interest in an MLP to another legal structure will no longer result in the removal of that constituent from the Index so long as no other corporate event making the constituent ineligible for inclusion in the Index occurs.

The revisions also incorporate language changes to enhance clarity and update references. The revised Index Methodology Guides are available for review on the Cushing Indices website at http://www.cushingasset.com/indices and will become effective on July 16, 2018

ABOUT THE CUSHING^® 30 MLP INDEX

The Cushing^® 30 MLP Index tracks the performance of 30 publicly traded Midstream Companies that hold midstream energy infrastructure assets in North America, chosen according to a formula-based proprietary valuation model developed by Cushing^® Asset Management, LP to rank Midstream Companies for potential inclusion in the Index. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPX".

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 Midstream Companies. The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The constituents are selected from the entire universe of publicly traded Midstream Companies. 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 THE CUSHING^® MLP HIGH INCOME INDEX

The Cushing^® MLP High Income Index provides a benchmark that is designed to track the performance of 30 publicly traded Midstream Companies with an emphasis on current yield. The securities are chosen for inclusion according to a three-tier proprietary weighting system developed by Cushing^® Asset Management, LP. The Cushing^® MLP High Income Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPY".

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 investors by sponsoring a variety of industry benchmarks in addition to the Indices, including The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing^® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.

Contact:
Judson Redmond
214-692-6334
www.cushingasset.com

The Cushing^® 30 MLP Index, The Cushing^® MLP Market Cap Index and The Cushing^® MLP High Income Index (each an "Index" and collectively the "Indices") are the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have 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 Indices. 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 Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Indices and none shall be liable for any errors or omissions in calculating the Indices.

CUSH-MLPX
CUSH-CMCI
CUSH-MLPY

SOURCE Cushing® Asset Management, LP; Swank Capital, LLC