DALLAS, June 29, 2017 /PRNewswire/ -- Alerian announced today that ONEOK Partners (NYSE: OKS) is expected to be removed from the Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure Index (AMZI), Alerian Large Cap MLP Index (AMLI), and the Alerian Natural Gas MLP Index (ANGI) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Pending shareholder approval, OKS will cease to trade due to its merger with ONEOK, Inc. (NYSE: OKE). If approved, the rebalancing will take place one full trading day after the issuance of a press release indicating all needed merger votes have passed.
Notably, the market will be closing early on Monday, July 3, and as a result, the special rebalancing will likely take place after market close on July 5.
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 May 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/oneok-partners-expected-to-be-removed-from-the-alerian-index-series-300481857.html