DALLAS, Oct. 3, 2013 /PRNewswire/ -- Alerian
announced today that Inergy Midstream (NYSE: NRGM) is expected to
be added to the Alerian Natural Gas MLP Index (NYSE: ANGI),
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.
In addition, the 20 constituents of the 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 Natural Gas MLP Index
The Alerian
Natural Gas MLP Index is an equal-weighted composite of 20 natural
gas infrastructure Master Limited Partnerships (MLPs). The index,
whose constituents earn the majority of their cash flow from the
transportation, storage, and processing of natural gas and natural
gas liquids (NGLs), provides investors with an unbiased benchmark
for the infrastructure component of the natural gas industry. The
index is disseminated real-time on a price-return basis (NYSE:
ANGI), and the corresponding total-return index is disseminated
daily through ticker ANGIX. 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 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
more information, please visit www.alerian.com.
SOURCE Alerian