DALLAS, Nov. 2, 2015 /PRNewswire/ -- Alerian
announced that following the close of business on Tuesday, November 3, Exterran Corporation
(expected NYSE ticker: EXTN) will be added to the Alerian Energy
Infrastructure Index (CME: AMEI).
The spinoff of EXTN from Exterran Holdings (NYSE: EXH) has been
approved by EXH's Board of Directors and after market close on
November 3, 2015, Exterran Holdings
shareholders are expected to receive one share of EXTN common stock
for every two shares of EXH common stock held as of October 27, 2015.
Upon the completion of the spin-off, Exterran Holdings will be
renamed Archrock Inc. and will trade on the New York Stock Exchange
under the symbol "AROC".
The index will not undergo a special rebalancing. The combined
weighting of EXTN and AROC in the index will be equivalent to EXH's
weighting in the index at November 3
market close.
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 Energy Infrastructure Index
The
Alerian Energy Infrastructure Index is a composite of North
American energy infrastructure companies. The index, whose
constituents are engaged in the pipeline transportation, gathering,
processing, and storage of energy commodities, is disseminated
real-time on a price-return basis (AMEI) and on a total-return
basis (AMEIX).
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 $15
billion is directly tied to the Alerian Index Series through
exchange-traded funds and notes, separately managed accounts, and
structured products. For more information, including index values
and constituents, research content, and announcements regarding
rebalancings, please visit alerian.com.
Contact
Karyl
Patredis
972.957.7700
index@alerian.com
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SOURCE Alerian