DALLAS, April 15, 2020 /PRNewswire/ -- Alerian announced
today that Tallgrass Energy LP (NYSE: TGE) is expected to be
removed from the Alerian Midstream Energy Index (AMNA), the Alerian
US Midstream Energy Index (AMUS), the Alerian Midstream Energy
Select Index (AMEI), the Alerian MLP Index (AMZ), and the Alerian
MLP Equal Weight Index (AMZE) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending shareholder
approval, Tallgrass Energy will cease to trade due to its merger
with Blackstone Infrastructure Partners. If approved, the
rebalancing will take place after market close on Friday, April 17.
Each index will be rebalanced in accordance with its existing
methodology. Constituent additions to and deletions from an index
do not reflect an opinion by Alerian on the investment merits of
the respective securities.
About Alerian
Alerian is an independent information services company serving
asset managers and investment professionals around the globe
through its indexing, research and data capabilities. Built on a
foundation of data rigor and specialty research, Alerian pioneered
how the master limited partnership (MLP) asset class is measured
and created the first real-time MLP index – the Alerian MLP Index –
the most widely used benchmark for midstream MLP energy. Today,
Alerian continues to innovate, delivering indexes, tools, thought
leadership, and actionable insights that equip stakeholders to make
informed decisions.
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SOURCE Alerian