DALLAS, April 27, 2017 /PRNewswire/ -- Alerian
announced today that Midcoast Energy Partners (NYSE: MEP) will be
removed from the Alerian Small Cap MLP Index (AMSI) in a special
rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. MEP has ceased to trade
due to its go-private transaction with Enbridge Inc (TSX: ENB). The
rebalancing will take place today after market close.
The index will be rebalanced in accordance with its existing
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 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 Master
Limited Partnerships (MLPs) and energy infrastructure. Its
benchmarks, including the flagship Alerian MLP Index (AMZ), are
widely used by industry executives, investment professionals,
research analysts, and national media to analyze relative
performance. As of March 31, 2017,
over $17 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.
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SOURCE Alerian