DALLAS, Aug. 31 /PRNewswire/ -- Alerian announced today
that following the close of business on Tuesday, August 31, DCP Midstream Partners LP
(NYSE: DPM) will be added to the Alerian Natural Gas MLP Index
(NYSE: ANGI), replacing Williams Pipeline Partners LP (NYSE: WMZ)
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, Williams will cease to trade on the New York
Stock Exchange at the close of business on August 31 due to its merger with Williams
Partners LP (NYSE: WPZ).
DCP is a midstream master limited partnership that gathers,
treats, processes, transports, and markets natural gas, transports
and markets natural gas liquids, and is a leading wholesale
distributor of propane.
DPM Shares Outstanding: 37,598,183
DPM Investable Weight Factor: 0.67592243321369
The 15 constituents of the index will be rebalanced on an
equal-weighted basis in accordance with the existing index
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 Natural Gas MLP Index
The Alerian Natural Gas MLP Index is an equal-weighted composite
of the 15 largest natural gas infrastructure Master Limited
Partnerships by market capitalization. The index, whose
constituents earn the majority of their cash flow from the
transportation, storage, and processing of natural gas and natural
gas liquids, 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. Relevant data points such as dividend yield are also
published daily. For index values, constituents, and announcements
regarding constituent changes, 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.
Contacts
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Client Relations:
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Jackie Prostko
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Alerian
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+1 (214) 740-6020
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jp@alerian.com
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Media:
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Liz Pierce
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Makovsky + Company
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+1 (212) 508-9698
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lpierce@makovsky.com
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SOURCE Alerian
Copyright . 31 PR Newswire