Alerian Announces Crosstex Energy LP Added To The Alerian Natural Gas MLP Index
DALLAS, Sept. 6, 2011 /PRNewswire/ -- Alerian announced today that Crosstex Energy LP (NASDAQ: XTEX) is expected to be added to the Alerian Natural Gas MLP Index (NYSE: ANGI), replacing Duncan Energy Partners LP (NYSE: DEP) 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. Subject to unitholder approval, DEP will cease to trade on the New York Stock Exchange due to its merger with Enterprise Products Partners LP (NYSE: EPD).
Crosstex is a midstream natural gas company that operates approximately 3,300 miles of pipeline, nine processing plants, and three fractionators.
XTEX Shares Outstanding: 65,335,675XTEX Investable Weight Factor: 0.498479758569878 On special rebalancing dates, the new constituent will take over the index weight, as of the last trading day, of the replaced constituent. Constituent additions to and deletions from the index do not reflect an opinion by Alerian on the investment merits of the respective securities. About the Alerian Natural Gas MLP Index The Alerian Natural Gas MLP Index is an equal-weighted composite of 20 natural gas infrastructure Master Limited Partnerships (MLPs). The index, whose constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and natural gas liquids (NGLs), provides investors with an unbiased benchmark for the infrastructure component of the natural gas industry. The index is disseminated real-time on a price-return basis (NYSE: ANGI), and the corresponding total-return index is disseminated daily through ticker ANGIX. For index values, yields, constituents, and announcements regarding rebalancings, please visit www.alerian.com. About Alerian Alerian is an independent company that provides objective market information. The company is a leader in MLP-market intelligence, providing benchmarks, data sets, and analytics that are used extensively by a range of stakeholders such as investment banks, stock exchanges, investment professionals, consultants, and Master Limited Partnerships. The Alerian Index Series is used for the purposes of asset allocation, investment analysis, portfolio hedging, and the creation of index tracking funds. Alerian is widely known for maintaining the leading benchmark of MLP equities: the Alerian MLP Index (NYSE: AMZ). For more information, please visit www.alerian.com. SOURCE Alerian
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