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Oiltanking Partners To Join The Alerian MLP Index And Alerian MLP Equal Weight Index

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Alerian announced today that Oiltanking Partners (NYSE: OILT) is expected to be added to the Alerian MLP Index (NYSE: AMZ) and the Alerian MLP Equal Weight Index (CME: AMZE), replacing QR Energy (NYSE: QRE) in a special rebalancing.

Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions include, but are not limited to, mergers, delistings, and bankruptcies. Pending unitholder approval, QRE will cease to trade on the NYSE due to its merger with BreitBurn Energy Partners (NYSE: BBEP). If approved, the rebalancing will take place one full trading session after the issuance of a press release indicating all needed merger votes have passed.

Oiltanking Partners owns and operates crude oil, refined petroleum products, and liquefied petroleum gas storage and transportation assets.

The 50 constituents of the index will be rebalanced on a float-adjusted, capitalization-weighted basis in accordance with the existing index methodology. Constituent additions to and deletions from the index do not reflect an opinion by Alerian on the investment merits of the respective securities.

Posted-In: News Press Releases

 

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