DALLAS, July 19, 2018 /PRNewswire/ -- Alerian
announced today that Rice Midstream Partners (NYSE: RMP) is
expected to be removed from the Alerian MLP Infrastructure Index
(AMZI), Alerian Natural Gas MLP Index (ANGI), Alerian Midstream
Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS),
Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), and
Alerian Mid Cap MLP Index (AMMI) in a special rebalancing.
Alerian also announced that NuStar GP Holdings (NYSE: NSH) is
expected to be removed from the Alerian Midstream Energy Select
Index (AMEI), AMNA, AMUS, and Alerian Small Cap MLP Index (AMSI).
In addition, NuStar Energy (NYSE: NS) is expected to be added to
the AMEI.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending unitholder
approval, RMP will cease to trade due to its merger with EQT
Midstream Partners (NYSE: EQM), and NSH will cease to trade due to
its merger with NS. If approved, the rebalancing will take place
one full trading day after the issuance of a press release
indicating all needed merger votes have passed.
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 the Alerian MLP Infrastructure Index
The Alerian
MLP Infrastructure Index is a composite of energy infrastructure
Master Limited Partnerships (MLPs). The capped, float-adjusted,
capitalization-weighted index, whose constituents earn the majority
of their cash flow from midstream activities involving energy
commodities, is disseminated real-time on a price-return basis
(AMZI) and on a total-return basis (AMZIX).
About the Alerian Midstream Energy Select Index
The
Alerian Midstream Energy Select Index is an investable subset of
the broad-based Alerian Midstream Energy Index (AMNA). The capped,
float-adjusted, capitalization-weighted index, whose constituents
earn the majority of their cash flow from midstream activities
involving energy commodities, is disseminated real-time on a
price-return basis (AMEI) and on a total-return basis (AMEIX).
About the Alerian Natural Gas MLP Index
The Alerian Natural Gas MLP Index is a composite of natural gas
infrastructure Master Limited Partnerships (MLPs). The
equal-weighted index, whose constituents earn the majority of their
cash flow from midstream activities involving natural gas and
natural gas liquids (NGLs), is disseminated real-time on a
price-return basis (ANGI) and end-of-day on a total-return basis
(ANGIX).
About the Alerian Midstream Energy Index
The Alerian
Midstream Energy Index is a broad-based composite of North American
energy infrastructure companies. The capped, float-adjusted,
capitalization-weighted index, whose constituents earn the majority
of their cash flow from midstream activities involving energy
commodities, is disseminated real-time on a price-return basis
(AMNA) and on a total-return basis (AMNAX).
About the Alerian US Midstream Energy Index
The Alerian US Midstream Energy Index is a broad-based composite of
US energy infrastructure companies. The capped, float-adjusted,
capitalization-weighted index, whose constituents earn the majority
of their cash flow from midstream activities involving energy
commodities, is disseminated real-time on a price-return basis
(AMUS) and on a total-return basis (AMUSX).
About the Alerian MLP Index
The Alerian MLP Index is
the leading gauge of energy Master Limited Partnerships (MLPs). The
capped, float-adjusted, capitalization-weighted index, whose
constituents represent approximately 85% of total float-adjusted
market capitalization, is disseminated real-time on a price-return
basis (AMZ) and on a total-return basis (AMZX).
About the Alerian MLP Equal Weight Index
The Alerian MLP Equal Weight Index is the equal-weighted version of
the Alerian MLP Index (AMZ). The index, which includes the same
companies as the float-adjusted, capitalization-weighted AMZ but
allocates the same weight to each constituent at each rebalancing,
is disseminated real-time on a price-return basis (AMZE) and on a
total-return basis (AMZEX).
About the Alerian Mid Cap MLP Index
The Alerian Mid
Cap MLP Index is a composite of mid-cap energy Master Limited
Partnerships (MLPs). The capitalization-weighted index, which
represents approximately 20% of total market capitalization, is
disseminated real-time on a price-return basis (AMMI) and on a
total-return basis (AMMIX).
About the Alerian Small Cap MLP Index
The Alerian
Small Cap MLP Index is a composite of small-cap energy Master
Limited Partnerships (MLPs). The capitalization-weighted index,
which represents approximately 10% of total market capitalization,
is disseminated real-time on a price-return basis (AMSI) and on a
total return-basis (AMSIX).
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, 2018, over $15
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.
View original
content:http://www.prnewswire.com/news-releases/rice-midstream-partners-and-nustar-gp-holdings-expected-to-be-removed-from-the-alerian-index-series-300683516.html
SOURCE Alerian