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Stock impact report

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP High Income Index

Energy Transfer LP Common Units (ET) 
Last energy transfer lp common units earnings: 2/19 04:10 pm Check Earnings Report
US:NYSE Investor Relations: about.etrade.com/index.cfm
Company Research Source: PR Newswire
DALLAS, Nov. 26, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). On September 15, 2019, Index constituents SemGroup Corporation (NYSE: SEMG) and Energy Transfer LP (NYSE: ET) entered into an Agreement and Plan of Merger ("Merger Agreement") that would result in SEMG common shares ceasing to be publicly traded, subject to the approval of the holders of at least a majority of the SEMG common and preferred shares. A special meeting of SEMG stockholders will be held on December 4, 2019, for the purpose of voting on the Merger Agreement. Per the Index's methodology guide, this event will result in a constituent replacement. Accordingly, after the market closes on December 4, 2019, and effective on December 5, 2019, Magellan Midstream Partners, L.P. (NYSE: MMP) will replace SEMG as a constituent of the Index at SEMG's then-current weight.There will be no chang Show less Read more
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