DALLAS, May 12, 2016 /PRNewswire/ -- Alerian announced today that Linn Energy (NASD: LINE) will be removed from the Alerian Small Cap MLP Index (AMSI) in a special rebalancing after market close on Thursday, May 12, 2016. Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. LINE filed voluntary petitions for restructuring under Chapter 11 of the Bankruptcy Code on Wednesday, May 11, 2016.
The index will be rebalanced in accordance with its existing 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 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 March 31, 2016, nearly $13 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.
SOURCE Alerian
