DALLAS, May 16, 2016 /PRNewswire/ -- Alerian announced today that BreitBurn Energy Partners (NASD: BBEP) will be removed from the Alerian Small Cap MLP Index (AMSI) in a special rebalancing after market close on Monday, May 16, 2016. Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. BBEP filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on Monday, May 16, 2016.
The 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.
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. As of March 31, 2016, nearly $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.
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