DALLAS, Sept. 29, 2015 /PRNewswire/ -- Alerian
announced today that Crestwood Equity Partners (NYSE: CEQP) 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 CEQP. If approved, the rebalancing will take place
one full trading session after the constituent's issuance of a
press release indicating all needed merger votes have passed.
Crestwood Equity Partners is engaged in the development and
operation of natural gas, NGL and crude oil gathering, processing,
storage, and transportation assets.
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 a composite of natural gas infrastructure
Master Limited Partnerships (MLPs). The equal-weighted index, whose
20 constituents earn the majority of their cash flow from the
pipeline transportation, storage, and processing of 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 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. Over $15
billion is directly tied to the Alerian Index Series through
exchange-traded products, delta one notes, and separately managed
accounts. For more information, including index values, yields,
constituents, and announcements regarding rebalancings, please
visit www.alerian.com.
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SOURCE Alerian