DALLAS, Feb. 23, 2017 /PRNewswire/ -- Alerian announced that following the close of business today, Spectra Energy (NYSE: SE) will be removed from the Alerian Energy Infrastructure Index (AMEI) in a special rebalancing.
The merger between Enbridge Energy (NYSE: ENB) and Spectra Energy was approved on December 15, 2016 by ENB and SE's shareholders and, as of this morning, all required regulatory clearances under the merger agreement have now been met.
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 Energy Infrastructure Index
The Alerian Energy Infrastructure Index is a composite of North American energy infrastructure companies. The capped, float-adjusted, capitalization-weighted index, whose constituents are engaged in midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMEI) and on a total-return basis (AMEIX).
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 December 31, 2016, 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.
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