The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Alerian Announces Launch of Leveraged ETN Tracking the Alerian MLP Infrastructure Index

Wednesday, July 07, 2010

Alerian Announces Launch of Leveraged ETN Tracking the Alerian MLP Infrastructure Index09:34 EDT Wednesday, July 07, 2010DALLAS, July 7 /PRNewswire/ -- Alerian announced today that UBS AG has launched an Exchange-Traded Note (ETN) listed on NYSE Arca under ticker symbol "MLPL" that provides investors single-security, two times (2x) leveraged exposure to the Alerian MLP Infrastructure Index (NYSE: AMZI).The Alerian MLP Infrastructure Index is a liquid, midstream-energy-focused subset of Master Limited Partnerships (MLPs) whose constituents earn the majority of their cash flow from the transportation, storage, and processing of energy commodities. The index provides diversified, hard-asset exposure specifically to infrastructure investment."Demand for US energy infrastructure investment opportunities continues to grow," said Alerian President and CEO Kenny Feng. "We are excited to partner with UBS again in our ongoing effort to expand access to innovative MLP products anchored by the objectivity and precision of Alerian's proprietary databases."The ETN will provide two times (2x) leveraged exposure to the change in value of the Alerian MLP Infrastructure Index, and pass on two times (2x) the corresponding distributions from the underlying companies as a quarterly coupon, net of fees. Unlike directly investing in MLPs, investors will not receive K-1s, but instead will receive one Form 1099 reflecting the distribution pass-through as ordinary income.About AlerianAlerian 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. Alerian is widely known for maintaining the leading benchmark of MLP equities: the Alerian MLP Index (NYSE: AMZ). For more information, please visit www.alerian.com.ContactsClient Relations:Jackie ProstkoAlerian+1 (214) 740-6020jp@alerian.comMedia:Clayton McGrattyLiz PierceMakovsky + CompanyMakovsky + Company+1 (212) 508-9637+1 (212) 508-9698cmcgratty@makovsky.comlpierce@makovsky.comSOURCE AlerianFor further information: Client Relations: Jackie Prostko, Alerian, +1-214-740-6020, jp@alerian.com; Media: Clayton McGratty, Makovsky + Company, +1-212-508-9637, cmcgratty@makovsky.com, or Liz Pierce, Makovsky + Company, +1-212-508-9698, lpierce@makovsky.com