DALLAS, March 7, 2019 /PRNewswire/ -- Alerian announced today that Antero Midstream Partners (NYSE: AM) and Antero Midstream GP (NYSE: AMGP) are expected to be removed from the Alerian MLP Index (AMZ) and Alerian MLP Equal Weight Index (AMZE) in a special rebalancing. Additionally, Antero Midstream Partners is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian MLP Infrastructure Index (AMZI), and Alerian Natural Gas MLP Index (ANGI).
Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Pending unitholder approval, Antero Midstream Partners will cease to trade due to its merger with Antero Midstream GP. If approved, the rebalancing will take place after market close on Monday, March 11.
In connection with the merger, Antero Midstream GP will convert into a corporation and the combined entity will be renamed Antero Midstream Corporation. The shares of the new corporation are expected to trade under the AM ticker symbol.
Each index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of February 28, 2019, over $13 billion is directly tied to the Alerian Index Series through exchange traded funds and notes, separately managed accounts, and structured products. Visit alerian.com to learn more.