DALLAS, April 30, 2013 /PRNewswire/ -- Alerian
announced today that Tesoro Logistics Partners (NYSE: TLLP) is
expected to be added to the Alerian MLP Infrastructure Index (NYSE:
AMZI), replacing Copano Energy Partners (NASDAQ: CPNO) 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, CPNO will cease to trade on the NASDAQ due to
its merger with Kinder Morgan Energy Partners (NYSE: KMP).
Tesoro Logistics owns, operates, develops, and acquires crude
oil and refined products logistics assets.
TLLP Shares Outstanding: 45,526,823
TLLP Investable Weight Factor: 0.623047220968166
On special rebalancing dates, the new constituent will take over
the index weight, as of the last trading day, of the replaced
constituent. 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 Infrastructure Index
The Alerian
MLP Infrastructure Index, comprised of 25 energy infrastructure
Master Limited Partnerships (MLPs), is a liquid, midstream-focused
subset of the Alerian MLP Index (NYSE: AMZ). The index, whose
constituents earn the majority of their cash flow from the
transportation, storage, and processing of energy commodities,
provides investors with an unbiased benchmark for the
infrastructure component of this emerging asset class. The index,
which is calculated using a capped, float-adjusted,
capitalization-weighted methodology, is disseminated real-time on a
price-return basis (NYSE: AMZI) and on a total-return basis (NYSE:
AMZIX). For index values, yields, constituents, and announcements
regarding rebalancings, please visit www.alerian.com.
About Alerian
Alerian is an independent company that
provides objective market information. The company is a leader in
MLP and energy infrastructure market intelligence, providing
benchmarks, data sets, and analytics that are used extensively by a
range of industry stakeholders such as management teams, investment
professionals, research analysts, and national media. The Alerian
Index Series is used to analyze relative performance and to create
index tracking funds. Over $13
billion is directly tied to Alerian's indices, including the
leading benchmark of MLP equities: the Alerian MLP Index (AMZ). For
more information, please visit www.alerian.com.
SOURCE Alerian