Western Refining Logistics to Be Removed from the Alerian Index Series

DALLAS, Sept. 28, 2017 /PRNewswire/ -- Alerian announced today that Western Refining Logistics (NYSE: WNRL) will be removed from the Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), and the Alerian Mid Cap MLP Index (AMMI) in a special rebalancing after market close on Friday, September 29.

Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Andeavor Logistics (NYSE: ANDX) announced after market close today that they have received written consent from a majority of outstanding WNRL unitholders to approve a merger between ANDX and WNRL.

As announced earlier today, updated methodology guides will be posted after market close on September 29 to the alerian.com website. The indices will be rebalanced in accordance with the updated methodologies which, for the AMZ, will incorporate a 10% weighting cap on index constituents. Constituent additions to and deletions from the index do not reflect an opinion by Alerian on the investment merits of the respective securities.

About Alerian

Alerian equips investors to make informed decisions about Master Limited Partnerships (MLPs) and energy infrastructure. Its benchmarks, including the flagship Alerian MLP Index (AMZ), are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of August 31, 2017, over $16 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.

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SOURCE Alerian