Alerian has announced that Boardwalk Pipeline Partners is expected to be added to the Alerian MLP Index and the Alerian MLP Equal Weight Index, replacing Atlas Pipeline Partners 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, APL will cease to trade on the NYSE due to its merger with Targa Resources Partners. If approved, the rebalancing will take place onefull trading session after the constituent’s issuance of a press release indicating all needed merger voteshave passed.
Boardwalk Pipeline Partners is a midstream master limited partnership that provides transportation,storage, gathering and processing of natural gas and liquids.
The 50 constituents of the Alerian MLP Index will be rebalanced on a float-adjusted, capitalisation weighted basis in accordance with the existing index methodology. The 50 constituents of the Alerian MLP Equal Weight 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.
Adapted from press release by Hannah Priestley-Eaton