DALLAS, June 25, 2018 /PRNewswire/ -- Alerian
announced today that Tallgrass Energy Partners LP (NYSE: TEP) is
expected be removed from the Alerian MLP Index (AMZ), the Alerian
MLP Infrastructure Index (AMZI), the Alerian Mid Cap MLP Index
(AMMI), and the Alerian MLP Equal Weight Index (AMZE) in a special
rebalancing.
In addition, Tallgrass Energy GP, LP (NYSE: TEGP) is expected to
be added to the AMZ, AMZI, AMMI, and AMZE.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending unitholder
approval, TEP will cease to trade due to its merger with TEGP. 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.
Upon closing of the proposed merger, TEGP is expected to change
its name to Tallgrass Energy, LP and will trade on the New York
Stock Exchange under the ticker symbol "TGE".
The indices 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 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 May 31,
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/tallgrass-energy-gp-lp-expected-to-be-added-to-the-alerian-index-series-300671083.html
SOURCE Alerian