DALLAS, Nov. 2, 2015 /PRNewswire/ -- Alerian announced that following the close of business on Tuesday, November 3, Exterran Corporation (expected NYSE ticker: EXTN) will be added to the Alerian Energy Infrastructure Index (CME: AMEI).
The spinoff of EXTN from Exterran Holdings (NYSE: EXH) has been approved by EXH's Board of Directors and after market close on November 3, 2015, Exterran Holdings shareholders are expected to receive one share of EXTN common stock for every two shares of EXH common stock held as of October 27, 2015.
Upon the completion of the spin-off, Exterran Holdings will be renamed Archrock Inc. and will trade on the New York Stock Exchange under the symbol "AROC".
The index will not undergo a special rebalancing. The combined weighting of EXTN and AROC in the index will be equivalent to EXH's weighting in the index at November 3 market close.
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 North American energy infrastructure companies. The index, whose constituents are engaged in the pipeline transportation, gathering, processing, and storage of energy commodities, is disseminated real-time on a price-return basis (AMEI) and on a total-return basis (AMEIX).
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 $15 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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