DALLAS, Sept. 6, 2011 /PRNewswire/ -- Alerian announced
today that Crosstex Energy LP (NASDAQ: XTEX) is expected to be
added to the Alerian MLP Index (NYSE: AMZ), replacing Duncan Energy
Partners LP (NYSE: DEP) 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, DEP will cease to trade on the New York Stock
Exchange due to its merger with Enterprise Products Partners LP
(NYSE: EPD).
Crosstex is a midstream natural gas company that operates
approximately 3,300 miles of pipeline, nine processing plants, and
three fractionators.
XTEX Shares Outstanding: 65,335,675
XTEX Investable Weight Factor: 0.498479758569878
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 on a total-return basis (NYSE:
AMZX). For index values, yields, constituents, and announcements
regarding rebalancings, 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