This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Inergy Midstream To Join The Alerian Natural Gas MLP Index

DALLAS, Oct. 3, 2013 /PRNewswire/ -- Alerian announced today that Inergy Midstream (NYSE: NRGM) is expected to be added to the Alerian Natural Gas MLP Index (NYSE: ANGI), replacing Crestwood Midstream Partners (NYSE: CMLP) 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, CMLP will cease to trade on the NYSE due to its merger with NRGM. 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.

Inergy Midstream operates natural gas, NGL and crude oil storage, transportation, and logistics businesses in the United States.

In addition, the 20 constituents of the index will be rebalanced on an equal-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.

About the Alerian Natural Gas MLP IndexThe 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 AlerianAlerian is an independent company that provides objective market information. The company is a leader in MLP and energy infrastructure market intelligence, providing benchmarks, data sets, and analytics that are used extensively by a range of industry stakeholders such as management teams, investment professionals, research analysts, and national media. The Alerian Index Series is used to analyze relative performance and to create index tracking funds. Over $14 billion is directly tied to Alerian's indices, including the leading benchmark of MLP equities: the Alerian MLP Index (AMZ). For more information, please visit www.alerian.com.

SOURCE Alerian

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs