Barclays Bank PLC announced today that following the close of business on Friday, July 11, 2014, there will be no changes to the constituents in the Atlantic Trust Select MLP Index (the “Index”).
The Barclays ETN+ Select MLP ETNs are linked to the performance of the Volume-Weighted Average Price (“VWAP”) of the Index. The ETNs were listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP. An investment in the ETNs involves significant risks, including possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date.
In accordance with the Index methodology as described in the prospectus relating to the ETN, the Index is rebalanced quarterly. The 27 index constituents will be rebalanced on a capped, float-adjusted, capitalization-weighted basis across four index business days starting on Friday, July 11, 2014. Constituent additions to and deletions from the Index do not reflect an opinion by Barclays Bank PLC on the investment merits of the respective securities.
The target weights for the top Limited Partnership (“LP”) and General Partnership (“GP”) index constituents, effective on July 11, 2014, are reported in the table below. For more information regarding how an Index constituent is classified as a LP or a GP, please see the prospectus relating to the ETNs.
|LIMITED PARTNERSHIPS||GENERAL PARTNERSHIPS|
|EPD||Enterprise Products Partners||8.0%||ENB||Enbridge Inc.||4.0%|
|KMP||Kinder Morgan Energy Partners||8.0%||ETE||Energy Transfer Equity LP||4.0%|
|PAA||Plains All American Pipeline LP||8.0%||KMI||Kinder Morgan Inc.||4.0%|
|MMP||Magellan Midstream Partners||8.0%||OKE||Oneok Inc.||4.0%|
|ETP||Energy Transfer Partners LP||7.1%||SE||Spectra Energy Corp.||4.0%|
|WMB||Williams Cos Inc.||4.0%|
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