DALLAS, May 16, 2016 /PRNewswire/ -- Alerian announced
today that BreitBurn Energy Partners (NASD: BBEP) will be removed
from the Alerian Small Cap MLP Index (AMSI) in a special
rebalancing after market close on Monday,
May 16, 2016. Special rebalancings are triggered by
corporate actions such as mergers, bankruptcies, and liquidations.
BBEP filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code on Monday, May 16,
2016.
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.
About Alerian
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, 2016, nearly $13 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.
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SOURCE Alerian