DALLAS, April 27, 2017 /PRNewswire/ -- Alerian announced today that Midcoast Energy Partners (NYSE: MEP) will be removed from the Alerian Small Cap MLP Index (AMSI) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. MEP has ceased to trade due to its go-private transaction with Enbridge Inc (TSX: ENB). The rebalancing will take place today after market close.
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.
About the Alerian Small Cap MLP Index
The Alerian Small Cap MLP Index is a composite of small-cap energy Master Limited Partnerships (MLPs). The capitalization-weighted index, which represents approximately 10% of total market capitalization, is disseminated real-time on a price-return basis (AMSI) and on a total-return basis (AMSIX).
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, 2017, over $17 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/midcoast-energy-partners-to-be-removed-from-the-alerian-small-cap-mlp-index-300447330.html