Andeavor Logistics Expected to Be Removed from the Alerian Index Series

DALLAS, July 25, 2019 /PRNewswire/ -- Alerian announced today that Andeavor Logistics ANDX is expected to be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian Midstream Energy Select Index (AMEI), Alerian MLP Index (AMZ), Alerian MLP Infrastructure Fund (AMZI), and Alerian MLP Equal Weight Index (AMZE) in a special rebalancing.

Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Andeavor Logistics will cease to trade due to its merger with MPLX MPLX. The rebalancing will take place after market close on Monday, July 29.

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.

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SOURCE Alerian