DALLAS, Sept. 6, 2011 /PRNewswire/ -- Alerian announced
today that Crosstex Energy LP (NASDAQ: XTEX) is expected to be
added to the Alerian MLP Infrastructure Index (NYSE: AMZI),
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
On special rebalancing dates, the new constituent will take over
the index weight, as of the last trading day, of the replaced
constituent. 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 Infrastructure Index
The Alerian MLP Infrastructure Index, comprised of 25 energy
infrastructure Master Limited Partnerships (MLPs), is a liquid,
midstream-focused subset of the Alerian MLP Index (NYSE: AMZ). The
index, whose constituents earn the majority of their cash flow from
the transportation, storage, and processing of energy commodities,
provides investors with an unbiased benchmark for the
infrastructure component of this emerging asset class. The index,
which is calculated using a capped, float-adjusted,
capitalization-weighted methodology, is disseminated real-time on a
price-return basis (NYSE: AMZI) and on a total-return basis (NYSE:
AMZIX). 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