Northern Tier Energy Expected to Be Removed from the Alerian Mid Cap MLP Index

DALLAS, June 22, 2016 /PRNewswire/ -- Alerian announced today that Northern Tier Energy (NYSE: NTI) is expected to be removed from the Alerian Mid Cap MLP Index (AMMI) in a special rebalancing.

Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Pending unitholder approval, NTI will cease to trade due to its merger with Western Refining Inc (NYSE: WNR). If approved, the rebalancing will take place one trading day after the issuance of a press release indicating all needed merger votes have passed.

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 the Alerian Mid Cap MLP Index
The Alerian Mid Cap MLP Index is a composite of mid-cap energy Master Limited Partnerships (MLPs). The capitalization-weighted index, which represents approximately 20% of total market capitalization, is disseminated real-time on a price-return basis (AMMI) and on a total return-basis (AMMIX).

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 May 31, 2016, nearly $15 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northern-tier-energy-expected-to-be-removed-from-the-alerian-mid-cap-mlp-index-300288465.html

SOURCE Alerian

Copyright 2016 PR Newswire