Tortoise Announces Expected Constituent Changes Due to Merger and Acquisition Activity
10 Oktober 2019 - 12:09AM
Business Wire
Tortoise today announced that Carbon Black, Inc. (NASDAQ: CBLK)
will be removed from Tortoise Global Cloud Infrastructure IndexSM,
effective Oct. 11, 2019, as a result of the completion of the
acquisition by VMware, Inc. (NYSE: VMW) on Oct. 8, 2019.
Connecticut Water Service, Inc. (NASDAQ:CTWS), will be removed
from the Tortoise Global Water ESG Total Return IndexSM, effective
Oct. 11, 2019, following the completion of the merger with SJW
Group (NYSE: SJW) on Oct. 9, 2019.
About Tortoise
Tortoise invests in assets and services that serve essential
needs in society and can also serve essential client needs, such as
diversification and income. Tortoise’s actively researched indices
fill a void in the essential asset universe and provide a platform
for passively managed exchange-traded products. Through a variety
of investment vehicles, Tortoise provides access to a wide range of
client solutions, focused on their evolving needs. For more
information, please visit www.tortoiseadvisors.com.
The Tortoise Global Cloud Infrastructure IndexSM
represents the existing global cloud infrastructure landscape. It
is a proprietary, rules-based, modified market
capitalization-weighted, float-adjusted index comprised of
companies that are materially engaged in the cloud infrastructure
industry, including cloud systems/ services, cloud management
software, cloud hosting, cloud security, cloud hardware and cloud
data centers.
The index mentioned above is the exclusive property of
Tortoise Index Solutions, LLC and are calculated by Solactive AG
(“Solactive”). The financial instruments that are based on the
Index are not sponsored, endorsed, promoted or sold by Solactive AG
(“Solactive”) in any way and Solactive makes no express or implied
representation, guarantee or assurance with regard to: (a) the
advisability in investing in the financial instruments; (b) the
quality, accuracy and/or the completeness of the Index or the
calculations thereof; and/or (c) the results obtained or to be
obtained by any person or entity from the use of the Index.
The Tortoise Global Water ESG Total Return IndexSM is a
proprietary, rules-based, modified capitalization-weighted,
float-adjusted index comprised of companies that are materially
engaged in the water infrastructure or water management
industries.
The index mentioned is the exclusive property of Tortoise Index
Solutions, LLC, which has contracted with S&P Opco, LLC (a
subsidiary of S&P Dow Jones Indices LLC) to calculate and
maintain the Tortoise MLP Index®, Tortoise North American Pipeline
IndexSM, Tortoise North American Oil and Gas Producers IndexSM,
Tortoise Water Index SM and Tortoise Global Water ESG IndexSM (the
“Indices”). The Indices are not sponsored by S&P Dow Jones
Indices or its affiliates or its third party licensors
(collectively, “S&P Dow Jones Indices”). S&P Dow Jones
Indices will not be liable for any errors or omissions in
calculating the Indices. “Calculated by S&P Dow Jones Indices”
and its related stylized mark(s) are service marks of S&P Dow
Jones Indices and have been licensed for use by Tortoise Index
Solutions, LLC and its affiliates. S&P® is a registered
trademark of Standard & Poor’s Financial Services LLC (“SPFS”),
and Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC (“Dow Jones”).
This data is provided for informational purposes only and is not
intended for trading purposes. This document shall not constitute
an offering of any security, product or service. The addition,
removal or inclusion of a security in the index is not a
recommendation to buy, sell or hold that security, nor is it
investment advice. The information contained in this document is
current as of the publication date. Tortoise makes no
representations with respect to the accuracy or completeness of
these materials and will not accept responsibility for damages,
direct or indirect, resulting from an error or omission in this
document. The methodology involves rebalancing and maintenance of
the index that is made periodically during each year and may not,
therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
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Tortoise Pam Kearney, Investor and Media Relations,
844-872-1562, info@tortoiseadvisors.com