Swank Capital, LLC and Cushing(R) Asset Management, LP has announced a potential interim change to The Cushing(R) MLP High Income Index (the ‘Index’).
An Agreement and Plan of Merger
The Index constituent MarkWest Energy Partners, L.P. previously entered into an Agreement and Plan of Merger with MPLX LP, wherein MWE would be acquired by MPLX subject to the approval of MWE unit holders.
A special meeting of the unit holders of MWE is scheduled for 1 December 2015, at 9:00 am Mountain Standard Time for the purpose of considering and voting on the proposed acquisition.
Constituents of the Index
If the acquisition is approved, MWE will be removed from the Index and replaced with Targa Resources Corp. after the markets close on 1 December 2015. The change will be effective on 2 December 2015.
The remaining constituents of the Index will be unaffected.
If the acquisition is not approved, there will be no change to the constituents of the Index.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/25112015/potential-interim-change-to-mlp-index/