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 Martin Midstream Partners Added to the Alerian MLP Index

Monday, November 22, 2010

Alerian Announces Martin Midstream Partners Added to the Alerian MLP Index11:01 EST Monday, November 22, 2010DALLAS, Nov. 22, 2010 /PRNewswire/ -- Alerian announced today that following the close of business on Monday, November 22, Martin Midstream Partners LP (Nasdaq: MMLP) will be added to the Alerian MLP Index (NYSE: AMZ), replacing Enterprise GP Holdings LP (NYSE: EPE) in a special rebalancing.Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions include, but are not limited to, mergers, delistings, and bankruptcies. EPE will cease to trade on the New York Stock Exchange due to its merger with Enterprise Products Partners LP (NYSE: EPD).MMLP is a publicly traded limited partnership with a diverse set of operations focused primarily in the US Gulf Coast region. MMLP's primary business lines include terminalling, storage, and marine transportation services for petroleum products and byproducts; natural gas gathering, processing, and NGL distribution; and sulfur and sulfur-based products processing, manufacturing, and distribution.MMLP Shares Outstanding: 18,597,296MMLP Investable Weight Factor: 0.625219760141216The 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 IndexThe 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 the corresponding total-return index is disseminated daily through ticker AMZX. Relevant data points such as dividend yield are also published daily. For index values, constituents, and announcements regarding constituent changes, please visit 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 ContactsClient Relations:Jackie ProstkoAlerian+1 (214) 740-6020jp@alerian.comMedia:Liz PierceMakovsky + Company+1 (212) 508-9698lpierce@makovsky.comSOURCE AlerianFor further information: Client Relations: Jackie Prostko, Alerian, +1-214-740-6020,, or Media: Liz Pierce, Makovsky + Company, +1-212-508-9698,