DALLAS, Sept. 28, 2017 /PRNewswire/ -- Alerian
announced today that Western Refining Logistics (NYSE: WNRL) will
be removed from the Alerian MLP Index (AMZ), Alerian MLP Equal
Weight Index (AMZE), and the Alerian Mid Cap MLP Index (AMMI) in a
special rebalancing after market close on Friday, September 29.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Andeavor Logistics (NYSE:
ANDX) announced after market close today that they have received
written consent from a majority of outstanding WNRL unitholders to
approve a merger between ANDX and WNRL.
As announced earlier today, updated methodology guides will be
posted after market close on September
29 to the alerian.com website. The indices will be
rebalanced in accordance with the updated methodologies which, for
the AMZ, will incorporate a 10% weighting cap on index
constituents. 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 August 31, 2017,
over $16 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