Tortoise Index Solutions today announced upcoming additions and
deletions to its indices as part of their regular quarterly rebalancing
for the fourth quarter of 2015, as follows below. Following the close of
trading on Dec. 18, 2015, the indices will be rebalanced and as a
result, the following changes will become effective.
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Tortoise North American Pipeline IndexSM
(TNAP/TNAPT)
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Action
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Company
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Ticker
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Addition
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Archrock, Inc.
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AROC
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Removal
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CenterPoint Energy, Inc.
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CNP
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Removal
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OGE Energy Corporation
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OGE
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The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnap/constituents.
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Tortoise MLP Index®
(TMLP/TMLPT)
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Action
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Company
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Ticker
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Removal
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Emerge Energy Services LP
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EMES
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Removal
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EVE Energy Partners, L.P.
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EVEP
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Removal
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Foresight Energy LP
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FELP
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Removal
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Hi-Crush Partners LP
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HCLP
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Removal
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Memorial Production Partners LP
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MEMP
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There were no additions as a result of the fourth quarter rebalance. The
full constituent list can be viewed at www.tortoiseindexsolutions.com/tmlp/constituents.
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Tortoise North American Oil & Gas Producers IndexSM
(TNEP/TNEPT)
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Action
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Company
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Ticker
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Addition
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Synergy Resources Corporation
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SYRG
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Removal
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Birchcliff Energy Limited
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BIR CN
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Removal
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Eclipse Resources Corporation
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ECR
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Removal
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Kelt Exploration Limited
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KEL CN
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Removal
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Linn Energy, LLC
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LINE
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Removal
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Paramount Resources Limited
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POU CN
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Removal
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Ultra Petroleum Corporation
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UPL
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The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnep/constituents.
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Tortoise Real Yield IndexSM
(TYLD/TYLDT)
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Action
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Company
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Ticker
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Removal
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Breitburn Energy Partners LP
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BBEP
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Removal
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BlackRock Capital Investment Corporation
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BKCC
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Removal
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Chatham Lodging Trust
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CLDT
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Removal
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Global Partners LP
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GLP
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Removal
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Summit Hotel Properties, Inc.
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INN
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Removal
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Memorial Production Partners LP
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MEMP
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Removal
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PennTex Midstream Partners, LP
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PTXP
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Removal
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Rose Rock Midstream, L.P.
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RRMS
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Removal
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Silver Bay Realty Trust Corporation
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SBY
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Removal
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Teekay Offshore Partners L.P.
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TOO
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There were no additions as a result of the fourth quarter rebalance. The
full constituent list can be viewed at www.tortoiseindexsolutions.com/tyld/constituents.
About Tortoise Index Solutions
Tortoise Index Solutions, LLC provides research-driven indices that can
be used as a realistic basis for exchange-traded products and thought
leadership in the universe of essential assets. Its indices are intended
to fill a void in the market and provide benchmarks and investible asset
class universes for use by investment professionals, research analysts
and industry executives to analyze relative performance, as well as to
provide a basis for passively managed exchange-traded products. Tortoise
Index Solutions, LLC is affiliated with Tortoise Capital Advisors,
L.L.C., a registered investment manager specializing in actively managed
listed energy investing. As of Nov. 30, 2015, Tortoise Capital Advisors
had approximately $13.5 billion of assets under management in listed
closed-end funds, mutual funds, private funds and separate accounts. For
more information about Tortoise Index Solutions, LLC visit www.tortoiseindexsolutions.com.
For more information about Tortoise Capital Advisors, L.L.C., visit www.tortoiseadvisors.com.
About Tortoise North American Pipeline Index℠
The Tortoise North American Pipeline Index is a float-adjusted,
capitalization weighted index of pipeline companies that are organized
and have their principal place of business in the United States or
Canada. A pipeline company is defined as a company that either 1) has
been assigned a standard industrial classification (“SIC”) system code
that indicates the company operates in the energy pipeline industry or
2) has at least 50% of its assets, cash flow or revenue associated with
the operation or ownership of energy pipelines.
About Tortoise MLP Index®
The Tortoise MLP Index® is a float-adjusted, capitalization weighted
index of energy master limited partnerships (MLPs). The index is
comprised of publicly traded companies organized in the form of limited
partnerships or limited liability companies engaged in transportation,
production, processing and/or storage of energy commodities.
About Tortoise North American Oil & Gas Producers Index℠
The Tortoise North American Oil & Gas Producers Index℠ is a
float-adjusted, capitalization weighted index of North American energy
companies primarily engaged in the production of crude oil, condensate,
natural gas or natural gas liquids (NGLs). The index includes
exploration and production companies structured as corporations, limited
liability companies and master limited partnerships but excludes United
States royalty trusts.
About Tortoise Real Yield IndexSM
The Tortoise Real Yield Index is a new differentiated index that aims to
track real asset exposure anchored in current income. It provides an
efficient benchmark for real yielding, tax pass-through, liquid
companies that distribute substantial cash flow streams to investors by
investing in REITs (real estate investment trusts), MLPs (master limited
partnerships) and BDCs (business development companies). The index
provides a benchmark of companies with tangible essential assets that
are supportive of economic activity with no commodity futures, precious
metals, TIPs (Treasury Inflation-Protected Securities) or foreign
currency exposure.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.
The indices are the exclusive property of Tortoise Index Solutions, LLC,
which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones
Indices LLC) (“S&P Dow Jones Indices”) to calculate and maintain the
Tortoise MLP Index®, Tortoise North American Pipeline IndexSM and
Tortoise North American Oil and Gas Producers IndexSM (each
an “Index”). S&P® is a registered trademark of Standard &
Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”);
and, these trademarks have been licensed to S&P Dow Jones Indices.
“Calculated by S&P Dow Jones Indices” and its related stylized mark(s)
have been licensed for use by Tortoise Index Solutions, LLC and its
affiliates. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of
their affiliates sponsor and promote the Index and none shall be liable
for any errors or omissions in calculating the Index.
The Tortoise Real Yield IndexSM is calculated by
NYSE or its affiliates (“NYSE”). NYSE MAKES NO EXPRESS OR IMPLIED
WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE
TORTOISE REAL YIELD INDEXSM OR ANY DATA INCLUDED THEREIN. IN NO EVENT
SHALL NYSE HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR
CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES.
No portion of this publication may be reproduced in any format or by any
means including electronically or mechanically, by photocopying, or by
any other form or manner whatsoever, without the prior written consent
of Tortoise Index Solutions, LLC.
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