DALLAS, Aug. 31 /PRNewswire-FirstCall/ -- Alerian
announced today that following the close of business on
Tuesday, August 31, Vanguard Natural
Resources LLC (NYSE: VNR) will be added to the Alerian MLP Index
(NYSE: AMZ), replacing Williams Pipeline Partners LP (NYSE: WMZ) in
a special rebalancing.
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. Subject to
unitholder approval, Williams will cease to trade on the New York
Stock Exchange at the close of business on August 31 due to its merger with Williams
Partners LP (NYSE: WPZ).
Vanguard is a publicly traded limited liability company focused
on the acquisition, production, and development of natural gas and
oil properties. Vanguard's assets consist primarily of producing
and non-producing natural gas and oil reserves located in the
southern portion of the Appalachian Basin, the Permian Basin,
South Texas, and Mississippi.
VNR Shares Outstanding: 22,086,173
VNR Investable Weight Factor: 0.84438499146049
The 50 constituents of the index will be rebalanced on a
float-adjusted, capitalization-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 a composite of the 50 most prominent
energy Master Limited Partnerships that provides investors with an
unbiased, comprehensive benchmark for this emerging asset class.
The index, which is calculated using a float-adjusted,
capitalization-weighted methodology, is disseminated real-time on a
price-return basis (NYSE: AMZ), and the corresponding total-return
index is disseminated daily through ticker AMZX. Relevant data
points such as dividend yield are also published daily. For index
values, constituents, and announcements regarding constituent
changes, please visit www.alerian.com.
About Alerian
Alerian is an independent company that provides objective market
information. The company is a leader in MLP-market intelligence,
providing benchmarks, data sets, and analytics that are used
extensively by a range of stakeholders such as investment banks,
stock exchanges, investment professionals, consultants, and Master
Limited Partnerships. The Alerian Index Series is used for the
purposes of asset allocation, investment analysis, portfolio
hedging, and the creation of index tracking funds. Alerian is
widely known for maintaining the leading benchmark of MLP equities:
the Alerian MLP Index (NYSE: AMZ). For more information, please
visit www.alerian.com.
SOURCE Alerian
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