DALLAS, Oct. 3, 2013 /PRNewswire/ -- Alerian
announced today that Inergy Midstream (NYSE: NRGM) is expected to
be added to the Alerian MLP Index (NYSE: AMZ) and the Alerian MLP
Equal Weight Index (CME: AMZE), replacing Crestwood Midstream
Partners (NYSE: CMLP) 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. Pending
unitholder approval, CMLP will cease to trade on the NYSE due to
its merger with NRGM. If approved, the rebalancing will take place
one full trading session after the issuance of a press release
indicating all needed merger votes have passed.
Inergy Midstream operates natural gas, NGL and crude oil
storage, transportation, and logistics businesses in the United States.
The 50 constituents of the Alerian MLP Index will be rebalanced
on a float-adjusted, capitalization-weighted basis in accordance
with the existing index methodology. The 50 constituents of the
Alerian MLP Equal Weight Index will be rebalanced on an
equal-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).
About the Alerian MLP Equal Weight Index
The Alerian
MLP Equal Weight Index is an equal-weighted version of the leading
MLP benchmark, the Alerian MLP Index (AMZ). It has the same 50
constituents as the AMZ, but each constituent is rebalanced to a 2%
weight on a quarterly basis. The index is disseminated real-time on
a price-return basis (CME: AMZE) and on a total return basis (CME:
AMZEX).
About Alerian
Alerian is an independent company that
provides objective market information. The company is a leader in
MLP and energy infrastructure market intelligence, providing
benchmarks, data sets, and analytics that are used extensively by a
range of industry stakeholders such as management teams, investment
professionals, research analysts, and national media. The Alerian
Index Series is used to analyze relative performance and to create
index tracking funds. Over $14
billion is directly tied to Alerian's indices, including the
leading benchmark of MLP equities: the Alerian MLP Index (AMZ). For
index values, yields, constituents, and announcements regarding
rebalancings, please visit www.alerian.com.
SOURCE Alerian