DALLAS, June 29, 2017 /PRNewswire/ -- Alerian
announced today that ONEOK Partners (NYSE: OKS) is expected to be
removed from the Alerian MLP Index (AMZ), Alerian MLP Equal Weight
Index (AMZE), Alerian MLP Infrastructure Index (AMZI), Alerian
Large Cap MLP Index (AMLI), and the Alerian Natural Gas MLP Index
(ANGI) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending shareholder
approval, OKS will cease to trade due to its merger with ONEOK,
Inc. (NYSE: OKE). 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.
Notably, the market will be closing early on Monday, July 3, and as a result, the special
rebalancing will likely take place after market close on
July 5.
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 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, 2017, over
$17 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.
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SOURCE Alerian
