DALLAS, March 7, 2019 /PRNewswire/ -- Alerian announced
today that Antero Midstream Partners (NYSE: AM) and Antero
Midstream GP (NYSE: AMGP) are expected to be removed from the
Alerian MLP Index (AMZ) and Alerian MLP Equal Weight Index (AMZE)
in a special rebalancing. Additionally, Antero Midstream Partners
is expected to be removed from the Alerian Midstream Energy Index
(AMNA), Alerian US Midstream Energy Index (AMUS), Alerian MLP
Infrastructure Index (AMZI), and Alerian Natural Gas MLP Index
(ANGI).
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending unitholder
approval, Antero Midstream Partners will cease to trade due to its
merger with Antero Midstream GP. If approved, the rebalancing will
take place after market close on Monday,
March 11.
In connection with the merger, Antero Midstream GP will convert
into a corporation and the combined entity will be renamed Antero
Midstream Corporation. The shares of the new corporation are
expected to trade under the AM ticker symbol.
Each 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 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 February 28, 2019, 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.
View original
content:http://www.prnewswire.com/news-releases/antero-midstream-partners-expected-to-be-removed-from-the-alerian-index-series-300808317.html
SOURCE Alerian