DALLAS, April 25, 2017 /PRNewswire/ -- Alerian announced today that Energy Transfer Partners (NYSE: ETP) 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, ETP will cease to trade due to its merger with Sunoco Logistics Partners (NYSE: SXL). If approved, the rebalancing will take place one trading day after the issuance of a press release indicating all needed merger votes have passed.
Notably, following the closing of the merger, it is anticipated that Sunoco Logistics Partners will change its name to Energy Transfer Partners and that SXL common units will trade on the NYSE under the ticker symbol "ETP".
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, 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/energy-transfer-partners-expected-to-be-removed-from-the-alerian-index-series-300445147.html