DALLAS, Sept. 6, 2011 /PRNewswire/ -- Alerian announced
today that Crosstex Energy LP (NASDAQ: XTEX) is expected to be
added to the Alerian Natural Gas MLP Index (NYSE: ANGI), replacing
Duncan Energy Partners LP (NYSE: DEP) in a special rebalancing.
Special rebalancings are triggered by corporate actions that
result in the termination of trading of an index constituent on a
major US exchange. Such corporate actions include, but are not
limited to, mergers, delistings, and bankruptcies. Subject to
unitholder approval, DEP will cease to trade on the New York Stock
Exchange due to its merger with Enterprise Products Partners LP
(NYSE: EPD).
Crosstex is a midstream natural gas company that operates
approximately 3,300 miles of pipeline, nine processing plants, and
three fractionators.
XTEX Shares Outstanding: 65,335,675
XTEX Investable Weight Factor: 0.498479758569878
On special rebalancing dates, the new constituent will take over
the index weight, as of the last trading day, of the replaced
constituent. 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 Natural Gas MLP Index
The Alerian Natural Gas MLP Index is an equal-weighted composite
of 20 natural gas infrastructure Master Limited Partnerships
(MLPs). The index, whose constituents earn the majority of their
cash flow from the transportation, storage, and processing of
natural gas and natural gas liquids (NGLs), provides investors with
an unbiased benchmark for the infrastructure component of the
natural gas industry. The index is disseminated real-time on a
price-return basis (NYSE: ANGI), and the corresponding total-return
index is disseminated daily through ticker ANGIX. For index values,
yields, constituents, and announcements regarding rebalancings,
please visit www.alerian.com.
About Alerian
Alerian is an independent company that provides objective market
information. The company is a leader in MLP-market intelligence,
providing benchmarks, data sets, and analytics that are used
extensively by a range of stakeholders such as investment banks,
stock exchanges, investment professionals, consultants, and Master
Limited Partnerships. The Alerian Index Series is used for the
purposes of asset allocation, investment analysis, portfolio
hedging, and the creation of index tracking funds. Alerian is
widely known for maintaining the leading benchmark of MLP equities:
the Alerian MLP Index (NYSE: AMZ). For more information, please
visit www.alerian.com.
SOURCE Alerian