DALLAS, Feb. 11, 2016 /PRNewswire/ -- Alerian announced today that Targa Resources Partners (NYSE: NGLS) is expected to be removed from the Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure Index (AMZI), and Alerian Natural Gas MLP Index (ANGI) 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. Pending unitholder approval, NGLS will cease to trade on the NYSE due to its merger with Targa Resources Corp (NYSE: TRGP). If approved, the rebalancing will take place one trading day after the constituent's issuance of a press release indicating all needed merger votes have passed.
In addition, each 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. Over $13 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.