DALLAS, April 30, 2013 /PRNewswire/ -- Alerian announced today that Tesoro Logistics Partners (NYSE: TLLP) is expected to be added to the Alerian MLP Infrastructure Index (NYSE: AMZI), replacing Copano Energy Partners (NASDAQ: CPNO) 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, CPNO will cease to trade on the NASDAQ due to its merger with Kinder Morgan Energy Partners (NYSE: KMP). Tesoro Logistics owns, operates, develops, and acquires crude oil and refined products logistics assets. TLLP Shares Outstanding: 45,526,823TLLP Investable Weight Factor: 0.623047220968166 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 MLP Infrastructure IndexThe Alerian MLP Infrastructure Index, comprised of 25 energy infrastructure Master Limited Partnerships (MLPs), is a liquid, midstream-focused subset of the Alerian MLP Index (NYSE: AMZ). The index, whose constituents earn the majority of their cash flow from the transportation, storage, and processing of energy commodities, provides investors with an unbiased benchmark for the infrastructure component of this emerging asset class. The index, which is calculated using a capped, float-adjusted, capitalization-weighted methodology, is disseminated real-time on a price-return basis (NYSE: AMZI) and on a total-return basis (NYSE: AMZIX). 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 $13 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
Copano Energy (Nasdaq:CPNO) hit a new 52-week high Wednesday as it is currently trading at $41.52, above its previous 52-week high of $41.41 with 16,138 shares traded as of 9:35 a.m. ET. Average volume has been 926,100 shares over the past 30 days.