July 25, 2019 - 8:30 AM EDT
Print Email Article Font Down Font Up Charts

Andeavor Logistics Expected to Be Removed from the Alerian Index Series

DALLAS, July 25, 2019 /PRNewswire/ -- Alerian announced today that Andeavor Logistics (NYSE: ANDX) is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian Midstream Energy Select Index (AMEI), Alerian MLP Index (AMZ), Alerian MLP Infrastructure Fund (AMZI), and Alerian MLP Equal Weight Index (AMZE) in a special rebalancing.

Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Andeavor Logistics will cease to trade due to its merger with MPLX (NYSE: MPLX). The rebalancing will take place after market close on Monday, July 29.

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 equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of June 30, 2019, over $12 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.

Cision View original content:http://www.prnewswire.com/news-releases/andeavor-logistics-expected-to-be-removed-from-the-alerian-index-series-300890808.html

SOURCE Alerian

Source: PR Newswire (July 25, 2019 - 8:30 AM EDT)

News by QuoteMedia

Legal Notice