DALLAS, Nov. 30, 2015 /PRNewswire/ -- Alerian
announced today that MPLX LP (NYSE: MPLX) is expected to be added
to the Alerian MLP Infrastructure Index (NYSE: AMZI) replacing
MarkWest Energy Partners (NYSE: MWE) 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, MWE will cease to trade on the NYSE due to its
merger with MPLX. 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.
MPLX owns, operates, develops, and acquires pipelines and other
midstream assets related to the transportation and storage of crude
oil, refined products, and other hydrocarbon-based products.
The constituents of the index will be rebalanced on a capped,
float-adjusted, capitalization-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 MLP Infrastructure Index
The Alerian
MLP Infrastructure Index is a composite of energy infrastructure
Master Limited Partnerships (MLPs). The capped, float-adjusted,
capitalization-weighted index, whose constituents earn the majority
of their cash flow from the pipeline transportation, storage, and
processing of energy commodities, is disseminated real-time on a
price-return basis (AMZI) and on a total-return basis (AMZIX).
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/mplx-to-join-the-alerian-mlp-infrastructure-index-300185083.html
SOURCE Alerian