From the Wires
Alerian Announces Holly Energy Added To The Alerian MLP Index
By: PR Newswire
Dec. 18, 2012 08:40 AM
DALLAS, Dec. 18, 2012 /PRNewswire/ -- Alerian announced that following the close of business on Friday, December 21, Holly Energy Partners (NYSE: HEP) will be added to the Alerian MLP Index (NYSE: AMZ).
Holly provides petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry. Holly owns and operates petroleum product and crude gathering pipelines, tankage, and terminals in Texas, New Mexico, Arizona, Oklahoma, Washington, Idaho, Utah, Kansas, and Wyoming.
HEP Shares Outstanding: 28.391024
Inergy L.P. (NYSE: NRGY) will be removed from the index following the close of business on December 21. In addition, the 50 constituents of the index will be rebalanced on a float-adjusted, capitalization-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.
About the Alerian MLP Index
The Alerian MLP Index is a composite of the 50 most prominent energy Master Limited Partnerships that provides investors with an unbiased, comprehensive benchmark for this emerging asset class. The index, which is calculated using a float-adjusted, capitalization-weighted methodology, is disseminated real-time on a price-return basis (NYSE: AMZ) and on a total-return basis (NYSE: AMZX). For index values, yields, constituents, and announcements regarding rebalancings, please visit www.alerian.com.
Alerian is an independent company that provides objective market information. The company is a leader in MLP-market intelligence, providing benchmarks, data sets, and analytics that are used extensively by a range of stakeholders such as investment banks, stock exchanges, investment professionals, consultants, and Master Limited Partnerships. The Alerian Index Series is used for the purposes of asset allocation, investment analysis, portfolio hedging, and the creation of index tracking funds. Over $10.5 billion is directly tied to Alerian's indices, including the leading benchmark of MLP equities: the Alerian MLP Index (NYSE: AMZ). For more information, please visit www.alerian.com.
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