DALLAS, Dec. 3, 2019 /PRNewswire/ -- Alerian
announced today that SemGroup Corporation (NYSE: SEMG) is expected
to be removed from the Alerian Midstream Energy Index (AMNA),
Alerian US Midstream Energy Index (AMUS), and Alerian Midstream
Energy Select Index (AMEI) in a special rebalancing.
Special rebalancings are triggered by corporate actions such as
mergers, bankruptcies, and liquidations. Pending unitholder
approval, SemGroup will cease to trade due to its merger with
Energy Transfer (NYSE: ET). If approved, the rebalancing will take
place after market close on Wednesday,
December 4.
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 is an independent information services company serving
asset managers and investment professionals around the globe
through its indexing, research and data capabilities. Built on a
foundation of data rigor and specialty research, Alerian pioneered
how the master limited partnership (MLP) asset class is measured
and created the first real-time MLP index – the Alerian MLP Index –
the most widely used benchmark for midstream MLP energy. Today,
Alerian continues to innovate, delivering indexes, tools, thought
leadership, and actionable insights that equip stakeholders to make
informed decisions.
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SOURCE Alerian
