DALLAS, Nov. 30, 2015 /PRNewswire/ -- Alerian
announced today that MPLX LP (NYSE: MPLX) is expected to be added
to the Alerian Natural Gas MLP Index (NYSE: ANGI) 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 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