DALLAS, April 25, 2017 /PRNewswire/ -- Alerian
announced today that Energy Transfer Partners (NYSE: ETP) is
expected to be removed from the Alerian MLP Index (AMZ), Alerian
MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure Index
(AMZI), and the Alerian Large Cap MLP Index (AMLI) in a special
rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending shareholder
approval, ETP will cease to trade due to its merger with Sunoco
Logistics Partners (NYSE: SXL). If approved, the rebalancing will
take place one trading day after the issuance of a press release
indicating all needed merger votes have passed.
Notably, following the closing of the merger, it is anticipated
that Sunoco Logistics Partners will change its name to Energy
Transfer Partners and that SXL common units will trade on the NYSE
under the ticker symbol "ETP".
The index will be rebalanced in accordance with its existing
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 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. As of March 31, 2017,
over $17 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.
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SOURCE Alerian