The corrected release reads:
TORTOISE INDEX SOLUTIONS ANNOUNCES INDEX UPDATES FOR THIRD QUARTER 2015
Tortoise Index Solutions today announced upcoming additions and deletions to its indices as part of their regular quarterly rebalancing for the third quarter of 2015, as follows below. Following the close of trading on Sept. 18, 2015, the indices will be rebalanced and as a result, the following changes will become effective.
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Tortoise North American Pipeline IndexSM
(TNAP/TNAPT) |
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| Action | Company | Ticker | ||
| Addition | Columbia Pipeline Group, Inc. | CPGX | ||
| Addition | Cheniere Energy, Inc. | LNG | ||
| Removal | Azure Midstream Partners, LP | AZUR | ||
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The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnap/constituents. |
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Tortoise MLP Index®
(TMLP/TMLPT) |
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| Action | Company | Ticker | ||
| Addition | Green Plains Partners LP | GPP | ||
| Addition | CNX Coal Resources LP | CNXC | ||
| Removal | Azure Midstream Partners, LP | AZUR | ||
| Removal | Cypress Energy Partners, L.P. | CELP | ||
|
The full constituent list can be viewed at www.tortoiseindexsolutions.com/tmlp/constituents. |
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|
Tortoise North American Oil & Gas Producers IndexSM
(TNEP/TNEPT) |
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| Action | Company | Ticker |
| Removal | Athabasca Oil Corporation | ATH CN |
| Removal | Bonanza Creek Energy, Inc. | BCEI |
| Removal | Bonavista Energy Corporation | BNP CN |
| Removal | Bonterra Energy Corp | BNE CN |
| Removal | Breitburn Energy Partners LP | BBEP |
| Removal | Memorial Production Partners LP | MEMP |
| Removal | NuVista Energy Ltd. | NVA CN |
| Removal | Pengrowth Energy Corporation | PGH |
| Removal | Penn West Petroleum Ltd. | PWE |
| Removal | Unit Corporation | UNT |
| Removal | Vanguard Natural Resources, LLC | VNR |
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There were no additions as a result of the third quarter rebalance. The full constituent list can be viewed at |
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Additionally, to enhance the representation of their respective universes, the following changes will be made to the methodologies of the Tortoise North American Pipeline IndexSM (TNAP/TNAPT) and Tortoise MLP Index® (TMLP/TMLPT). As of the Sept. 18, 2015 rebalance, the individual constituent cap for TMLP will be reduced from 10% to 7.5%. Additionally, for both TNAP and TMLP, a cap of 15% will be placed on affiliated MLP families.
About Tortoise Index Solutions
Tortoise Index Solutions, LLC provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indices are intended to fill a void in the market and provide benchmarks and investible asset class universes for use by investment professionals, research analysts and industry executives to analyze relative performance, as well as to provide a basis for passively managed exchange-traded products. Tortoise Index Solutions, LLC is affiliated with Tortoise Capital Advisors, L.L.C., a registered investment manager specializing in actively managed listed energy investing. As of July 31, 2015, Tortoise Capital Advisors had approximately $16.4 billion of assets under management in NYSE-listed mutual and closed-end funds and other accounts. For more information about Tortoise Index Solutions, LLC visit www.tortoiseindexsolutions.com. For more information about Tortoise Capital Advisors, L.L.C., visit www.tortoiseadvisors.com.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
The indices are the exclusive property of Tortoise Index Solutions, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM and Tortoise North American Oil and Gas Producers IndexSM (each an “Index”). S&P® is a registered trademark of Standard & Poor‘s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) have been licensed for use by Tortoise Index Solutions, LLC and its affiliates. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index. No portion of this publication may be reproduced in any format or by any means including electronically or mechanically, by photocopying, or by any other form or manner whatsoever, without the prior written consent of Tortoise Index Solutions, LLC.