DALLAS, Feb. 12, 2015 /PRNewswire/ -- Alerian
announced today that Exterran Partners (NYSE: EXLP) is expected to
be added to the Alerian MLP Index (NYSE: AMZ) and the Alerian MLP
Equal Weight Index (CME: AMZE), replacing Oiltanking Partners
(NYSE: OILT).
Special rebalancings are triggered by corporate actions that
result in the termination of trading of an index constituent on a
major US exchange. Such corporate actions include, but are not
limited to, mergers, delistings, and bankruptcies. Pending
unitholder approval, OILT will cease to trade on the NYSE due to
its merger with Enterprise Products Partners (NYSE: EPD). If
approved, the rebalancing will take place one full trading session
after the constituent's issuance of a press release indicating all
needed merger votes have passed.
EXLP provides natural gas contract operations services to
customers throughout the United
States.
The 50 constituents of the Alerian MLP Index will be rebalanced
on a float-adjusted, capitalization-weighted basis in accordance
with the existing index methodology. The 50 constituents of the
Alerian MLP Equal Weight Index will be rebalanced on an
equal-weighted basis in accordance with the existing index
methodology. Constituent additions to and deletions from the index
do not reflect an opinion by Alerian on the investment merits of
the respective securities.
About the Alerian MLP Index
The Alerian MLP Index is the leading gauge of large- and mid-cap
energy Master Limited Partnerships (MLPs). The float-adjusted,
capitalization-weighted index, which includes 50 prominent
companies and captures approximately 75% of available market
capitalization, is disseminated real-time on a price-return basis
(NYSE: AMZ) and on a total-return basis (NYSE: AMZX).
Alerian the Alerian MLP Equal Weight Index
The Alerian MLP Equal Weight Index is the equal-weighted version
of the widely used Alerian MLP Index (AMZ). The index, which
includes the same 50 companies as the float-adjusted,
capitalization-weighted AMZ but allocates a 2% weight to each
constituent at each rebalancing, is disseminated real-time on a
price-return basis (CME: AMZE) and on a total-return basis (CME:
AMZEX).
About Alerian
Alerian equips investors to make informed decisions about Master
Limited Partnerships (MLPs) and energy infrastructure. Its
benchmarks, including the flagship Alerian MLP Index (AMZ), are
widely used by industry executives, investment professionals,
research analysts, and national media to analyze relative
performance. Over $19 billion is
directly tied to the Alerian Index Series through exchange-traded
products, delta one notes, and separately managed accounts. For
more information, including index values, yields, constituents, and
announcements regarding rebalancings, please visit
www.alerian.com.
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SOURCE Alerian