DALLAS, Nov. 17, 2014 /PRNewswire/ -- Alerian
announced today that Oiltanking Partners (NYSE: OILT) is expected
to be added to the Alerian MLP Index (NYSE: AMZ) and the Alerian
MLP Equal Weight Index (CME: AMZE), replacing QR Energy (NYSE: QRE)
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, QRE will cease to trade on the NYSE due to its
merger with BreitBurn Energy Partners (NYSE: BBEP). If approved,
the rebalancing will take place one full trading session after the
issuance of a press release indicating all needed merger votes have
passed.
Oiltanking Partners owns and operates crude oil, refined
petroleum products, and liquefied petroleum gas storage and
transportation assets.
The 50 constituents of the index will be rebalanced on a
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 Index
The Alerian MLP Index is
the leading gauge of large- and mid-cap energy Master Limited
Partnerships (MLPs). The float-adjusted, capitalization-weighted
index, which includes 50 prominent companies and captures
approximately 75% of available market capitalization, is
disseminated real-time on a price-return basis (AMZ) and on a
total-return basis (AMZX).
About the Alerian MLP Equal Weight Index
The Alerian
MLP Equal Weight Index is the equal-weighted version of the widely
used Alerian MLP Index (AMZ). The index, which includes the same 50
companies as the float-adjusted, capitalization-weighted AMZ but
allocates a 2% weight to each constituent at each rebalancing, is
disseminated real-time on a price-return basis (CME: AMZE) and on a
total-return basis (CME: AMZEX).
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 $20
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.
SOURCE Alerian