DALLAS, June 20, 2017 /PRNewswire/ -- Alerian announced
today that PennTex Midstream Partners (NASDAQ: PTXP) will be
removed from the Alerian Small Cap MLP Index (AMSI) in a special
rebalancing.
Special rebalancings are triggered by corporate actions
such as mergers, bankruptcies, and liquidations. PTXP will cease to
trade due to Energy Transfer Partners' (NYSE: ETP) acquisition of
the company. The rebalancing will take place today after market
close.
The index will be rebalanced in accordance with its
existing 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 Small Cap MLP
Index
The Alerian Small Cap MLP Index is
a composite of small-cap energy Master Limited Partnerships (MLPs).
The capitalization-weighted index, which represents approximately
10% of total market capitalization, is disseminated real-time on a
price-return basis (AMSI) and on a total-return basis
(AMSIX).
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. As of
May 31, 2017, over $17 billion is directly tied to the Alerian Index
Series through exchange-traded funds and notes, separately managed
accounts, and structured products. For more information, including
index values and constituents, research content, and announcements
regarding rebalancings, please visit alerian.com.
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SOURCE Alerian