DALLAS, Feb. 26, 2019 /PRNewswire/ -- Alerian
announced today that Western Gas Partners (NYSE: WES) is expected
to be removed from the Alerian Midstream Energy Index (AMNA),
Alerian US Midstream Energy Index (AMUS), Alerian MLP Index (AMZ),
Alerian MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure
Index (AMZI), and Alerian Natural Gas MLP Index (ANGI) in a special
rebalancing.
In addition, Western Gas Equity Partners (NYSE: WGP) expects to
change its name to Western Midstream Partners and its common units
will trade under the WES ticker symbol. It is expected that Western
Midstream Partners will be added to the AMZI and ANGI.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending unitholder
approval, Western Gas Partners will cease to trade due to its
merger with WGP. If approved, the rebalancing will take place after
market close on Thursday, February
28.
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.
About Alerian
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 January 31, 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.
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SOURCE Alerian