DALLAS, Nov. 6, 2018 /PRNewswire/ -- Alerian
announced today that ClearBridge American Energy MLP Fund (NYSE:
CBA) is expected to be removed from the Alerian MLP Closed End Fund
Index (AMCI).
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending shareholder
approval, CBA will cease to trade due to its merger with
ClearBridge Energy MLP Opportunity Fund (NYSE: EMO). If approved,
the rebalancing will take place one full trading day after the
issuance of a press release indicating all needed merger votes have
passed. Additionally, EMO will change its name to ClearBridge
Energy Midstream Opportunity Fund.
The 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 the Alerian MLP Closed End Fund Index
The
Alerian MLP Closed End Fund Index is a composite of Master Limited
Partnership (MLP) closed-end funds electing to be treated as a
corporation for federal income tax purposes. The equal-weighted
index is disseminated real-time on a price-return basis (AMCI) and
on a total-return basis (AMCIX).
For more information about Alerian's indices, including
methodology, please visit: www.alerian.com/indices.
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 October 31, 2018, over $13
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.
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SOURCE Alerian
