DALLAS, June 30, 2015 /PRNewswire/ -- Alerian announced that following the close of business on Wednesday, July 1, Columbia Pipeline Group, Inc. (expected NYSE ticker: CPGX) will be added to the Alerian Energy Infrastructure Index (CME: AMEI).
The spinoff of CPGX from NiSource Inc. (NYSE: NI) has been approved by NiSource's Board of Directors and after market close on July 1, NiSource shareholders are expected to receive one share of CPGX common stock for every one share of NI common stock held as of June 19, 2015.
The index will not undergo a special rebalancing. The combined weighting of CPGX and NI in the index will be equivalent to NI's weighting in the index at July 1 market close.
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 Energy Infrastructure Index
The Alerian Energy Infrastructure Index is a composite of North American energy infrastructure companies engaged in the pipeline transportation, storage, and processing of energy commodities. The index is disseminated real-time on a price-return basis (AMEI) and on a total-return basis (AMEIX).
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. Over $19 billion is directly tied to the Alerian Index Series through exchange-traded products, delta one notes, and separately managed accounts. For more information, including index values, yields, constituents, and announcements regarding rebalancings, please visit www.alerian.com.
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SOURCE Alerian
