DALLAS, Sept. 13, 2013 /PRNewswire/ -- Alerian
announced that following the close of business on Friday, September 20, NGL Energy Partners LP
(NYSE: NGL) will be added to the Alerian MLP Index (NYSE: AMZ) and
the Alerian MLP Equal Weight Index (CME: AMZE).
NGL Energy Partners operates crude oil, NGL, and propane
logistics assets. PAA Natural Gas Storage LP (NYSE: PNG) will be
removed from both indices following the close of business on
September 20.
In addition, the 50 constituents of the Alerian MLP Index will
be rebalanced on a float-adjusted, capitalization-weighted basis in
accordance with the existing index methodology. The 50 constituents
of the Alerian MLP Equal Weight Index will be rebalanced on an
equal-weighted basis in accordance with the existing index
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 MLP Index
The Alerian MLP Index is a
composite of the 50 most prominent energy Master Limited
Partnerships that provides investors with an unbiased,
comprehensive benchmark for this emerging asset class. The index,
which is calculated using a float-adjusted, capitalization-weighted
methodology, is disseminated real-time on a price-return basis
(NYSE: AMZ) and on a total-return basis (NYSE: AMZX).
Alerian the Alerian MLP Equal Weight Index
The Alerian MLP Equal Weight Index is an equal-weighted version of
the leading MLP benchmark, the Alerian MLP Index (AMZ). It has the
same 50 constituents as the AMZ, but each constituent is rebalanced
to a 2% weight on a quarterly basis. The index is disseminated
real-time on a price-return basis (CME: AMZE) and on a total return
basis (CME: AMZEX).
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 $14
billion is directly tied to Alerian's indices, including the
leading benchmark of MLP equities: the Alerian MLP Index (AMZ). For
index values, yields, constituents, and announcements regarding
rebalancings, please visit www.alerian.com.
SOURCE Alerian