Alerian announced that following the close of business on 18 September, Boardwalk Pipeline Partners LP, Columbia Pipeline Partners LP, and Vanguard Natural Resources LLC would be added to the Alerian MLP Index and the Alerian MLP Equal Weight Index.
Boardwalk Pipeline Partners provides transportation, storage, gathering and processing of natural gas and liquids. Columbia Pipeline Partners owns, operates, and develops natural gas pipelines, storage, and related midstream assets. Vanguard Natural Resources focuses on the acquisition, production, and development of oil and natural gas properties.
Hi-Crush Partners LP, Linn Energy LLC, and Memorial Production Partners LP will be removed from the two indices following the close of business on 18 September.
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.
Edited from various sources by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/14092015/alerian-mlp-index-and-equal-weight-index-update/