Alerian Energy Infrastructure Index Announces Special Rebalancing Due to ONE Gas Spinoff
DALLAS, Jan. 30, 2014 /PRNewswire/ -- Alerian announced that following the close of business on Friday, January 31, the Alerian Energy Infrastructure Index (CME: AMEI) will undergo a special rebalancing due to the spinoff of One Gas Inc. (NYSE: OGS) from ONEOK Inc. (NYSE: OKE).
Special rebalancings are triggered by corporate actions such as mergers, delistings, spinoffs, and bankruptcies. At the close of the transaction on January 31, 2014, ONEOK shareholders will retain their current shares and receive one share of ONE Gas stock for every four shares of ONEOK stock owned. ONEOK's share price will be adjusted to reflect the terms of the spinoff after market close on January 31, 2014.
The 30 constituents of the index will be rebalanced 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 Energy Infrastructure Index
The Alerian Energy Infrastructure Index is a composite of 30 core North American energy infrastructure companies that engage in the transportation, storage, and processing of energy commodities. Index constituents belong to one of five categories – US MLP affiliates (30%), MLPs (25%), Canadian infrastructure companies (20%), US infrastructure companies (15%), and Canadian MLP affiliates (10%). The index, whose constituents are equally weighted within each category, is disseminated real-time on a price return basis (AMEI) and on a total return basis (AMEIX).
Alerian is an independent provider of Master Limited Partnership (MLP) and energy infrastructure market intelligence. 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 $16 billion is directly tied to the Alerian Index Series through exchange-traded products, delta one notes, and separately managed accounts. For more information, including index yields, constituents, and announcements regarding rebalancings, please visit www.alerian.com.