DALLAS, July 17, 2019 /PRNewswire/ -- Alerian announced
today that American Midstream Partners (NYSE: AMID) is expected to
be removed from the Alerian Midstream Energy Index (AMNA), Alerian
US Midstream Energy Index (AMUS), Alerian MLP Index (AMZ), and
Alerian MLP Equal Weight Index (AMZE) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. American Midstream
Partners will cease to trade due to its merger with an affiliate of
ArcLight Energy Partners Fund V. The rebalancing will take place
after market close on Monday, July
22.
Each index will be rebalanced in accordance with its existing
methodology. Constituent additions to and deletions from an 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 energy infrastructure and Master Limited
Partnerships (MLPs). Its benchmarks are widely used by industry
executives, investment professionals, research analysts, and
national media to analyze relative performance. As of June 30, 2019, over $12
billion is directly tied to the Alerian Index Series through
exchange-traded funds and notes, separately managed accounts, and
structured products. Visit alerian.com to learn more.
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SOURCE Alerian