DALLAS, June 22, 2016 /PRNewswire/ -- Alerian
announced today that Northern Tier Energy (NYSE: NTI) is expected
to be removed from the Alerian Mid Cap MLP Index (AMMI) in a
special rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending unitholder
approval, NTI will cease to trade due to its merger with Western
Refining Inc (NYSE: WNR). If approved, the rebalancing will take
place one trading day after the issuance of a press release
indicating all needed merger votes have passed.
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 Mid Cap MLP Index
The Alerian Mid
Cap MLP Index is a composite of mid-cap energy Master Limited
Partnerships (MLPs). The capitalization-weighted index, which
represents approximately 20% of total market capitalization, is
disseminated real-time on a price-return basis (AMMI) and on a
total return-basis (AMMIX).
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,
2016, nearly $15 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/northern-tier-energy-expected-to-be-removed-from-the-alerian-mid-cap-mlp-index-300288465.html
SOURCE Alerian