Tortoise Capital Announces Tortoise MLP Index, Tortoise North American Pipeline Index, and Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate Action
Tortoise Capital has announced the removal of EnLink Midstream, (ENLC) from three major indices - the Tortoise MLP Index (TMLP), the Tortoise North American Pipeline Index (TNAP), and the Tortoise Decarbonization Infrastructure Index (DCRBN). This change comes as a result of ENLC's announced acquisition by ONEOK Inc. The removal will take effect at market open on January 31, 2025. While TMLP will undergo a special rebalance, ENLC's weight in TNAP and DCRBN will be distributed pro rata among the remaining index constituents.
Tortoise Capital ha annunciato la rimozione di EnLink Midstream, (ENLC) da tre indici principali - l'Indice Tortoise MLP (TMLP), l'Indice Tortoise North American Pipeline (TNAP) e l'Indice Tortoise Decarbonization Infrastructure (DCRBN). Questa modifica avviene a seguito dell'acquisizione annunciata di ENLC da parte di ONEOK Inc. La rimozione entrerà in vigore all'apertura del mercato il 31 gennaio 2025. Mentre il TMLP subirà un riequilibrio speciale, il peso di ENLC nel TNAP e nel DCRBN sarà distribuito pro rata tra i rimanenti membri dell'indice.
Tortoise Capital ha anunciado la eliminación de EnLink Midstream, (ENLC) de tres índices principales: el Índice Tortoise MLP (TMLP), el Índice Tortoise North American Pipeline (TNAP) y el Índice Tortoise Decarbonization Infrastructure (DCRBN). Este cambio se produce como resultado de la adquisición anunciada de ENLC por parte de ONEOK Inc. La eliminación entrará en vigor al abrir el mercado el 31 de enero de 2025. Mientras que el TMLP sufrirá un reequilibrio especial, el peso de ENLC en el TNAP y DCRBN se distribuirá de forma prorrata entre los restantes componentes del índice.
토르토이스 캐피탈이 EnLink Midstream, (ENLC)를 세 개의 주요 지수 - 토르토이스 MLP 지수(TMLP), 토르토이스 북미 파이프라인 지수(TNAP), 그리고 토르토이스 탈탄소 인프라 지수(DCRBN) -에서 제거한다고 발표했습니다. 이 변화는 ENLC가 ONEOK Inc에 인수된 결과로 나타났습니다. 제거는 2025년 1월 31일에 시장 개장과 함께 시행될 것입니다. TMLP는 특별한 재조정을 겪을 것이며, TNAP와 DCRBN에서 ENLC의 비중은 나머지 지수 구성 요소들 사이에 비례적으로 분배될 것입니다.
Tortoise Capital a annoncé la suppression de EnLink Midstream, (ENLC) de trois indices majeurs - l'Indice Tortoise MLP (TMLP), l'Indice Tortoise North American Pipeline (TNAP) et l'Indice Tortoise Decarbonization Infrastructure (DCRBN). Ce changement intervient suite à l'annonce de l'acquisition d'ENLC par ONEOK Inc. La suppression prendra effet à l'ouverture du marché le 31 janvier 2025. Alors que le TMLP subira un rééquilibrage spécial, le poids d'ENLC dans le TNAP et le DCRBN sera distribué pro rata parmi les autres composants de l'indice.
Tortoise Capital hat die Entfernung von EnLink Midstream, (ENLC) aus drei wichtigen Indizes angekündigt - dem Tortoise MLP Index (TMLP), dem Tortoise North American Pipeline Index (TNAP) und dem Tortoise Decarbonization Infrastructure Index (DCRBN). Diese Änderung erfolgt aufgrund der angekündigten Übernahme von ENLC durch ONEOK Inc. Die Entfernung tritt zum Handelsbeginn am 31. Januar 2025 in Kraft. Während TMLP eine spezielle Neubewertung erfahren wird, wird das Gewicht von ENLC im TNAP und DCRBN pro rata unter den verbleibenden Indexbestandteilen verteilt.
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OVERLAND PARK, KS / ACCESS Newswire / January 30, 2025 / Tortoise Capital today announced that EnLink Midstream, LLC (NYSE:ENLC) will be removed from the Tortoise MLP Index® (TMLP), the Tortoise North American Pipeline IndexSM (TNAP), and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of its announced acquisition by ONEOK Inc. As a result, ENLC will be removed from the indices at market open on Jan. 31, 2025.
ENLC will be removed from the Tortoise MLP Index® (TMLP) with a special rebalance.
ENLC will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) and its weight distributed pro rata to remaining Index constituents.
About Tortoise Index Solutions (TIS)
TIS 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 investable 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. To learn more, please visit www.TortoiseAdvisors.com.
About Tortoise Capital
With approximately
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification ("SIC") system code that indicates the company operates in the energy pipeline industry or 2) has at least
The Tortoise MLP Index® and the Tortoise North American Pipeline IndexSM are the exclusive property of TIS, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index® and the Tortoise North American Pipeline IndexSM (the "Indices"). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third-party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS and its affiliates. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").
The Tortoise Decarbonization Infrastructure IndexSM is a float-adjusted, capitalization weighted index of decarbonizing infrastructure companies that are organized and have their principal place of business in the United States or Canada. We define a decarbonization infrastructure company as a company that primarily owns natural gas and/ or natural gas liquids infrastructure including pipelines and local distribution companies, electric generation, transmission and distribution, battery storage, electric charging infrastructure, residential rooftop solar facilities and/ or renewable fuels.
The Tortoise Decarbonization Infrastructure IndexSMis the exclusive property of TIS and is calculated by Solactive AG ("Solactive"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG ("Solactive") in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. Tortoise Capital makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
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.
Contact Information
For more information contact Eva Lipner at (913) 981-1020 or info@tortoiseadvisors.com.
SOURCE: Tortoise Capital
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FAQ
When will EnLink Midstream (ENLC) be removed from Tortoise indices?
Why is ENLC being removed from Tortoise indices?
Which Tortoise indices will be affected by ENLC's removal?
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