Tortoise Capital Announces Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate Action
Tortoise Capital has announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Index (DCRBN) due to its acquisition by Woodside Energy Group . The removal will take effect when the market opens on October 10, 2024.
The index will not require a special rebalancing. Instead, TELL's weight will be distributed pro rata to the remaining index constituents. This corporate action reflects significant changes in the composition of the DCRBN index, which focuses on decarbonization infrastructure.
Tortoise Capital ha annunciato che Tellurian Inc (NYSE:TELL) sarà rimossa dall'Indice Tortoise Decarbonization Infrastructure (DCRBN) a causa della sua acquisizione da parte di Woodside Energy Group. La rimozione avrà effetto all'apertura del mercato il 10 ottobre 2024.
L'indice non richiederà un riequilibrio speciale. Invece, il peso di TELL sarà distribuito pro-rata tra i restanti componenti dell'indice. Questa azione aziendale riflette cambiamenti significativi nella composizione dell'indice DCRBN, che si concentra sulle infrastrutture per la decarbonizzazione.
Tortoise Capital ha anunciado que Tellurian Inc (NYSE:TELL) será eliminada del Índice de Infraestructura de Descarbonización de Tortoise (DCRBN) debido a su adquisición por parte de Woodside Energy Group. La eliminación entrará en vigencia cuando el mercado abra el 10 de octubre de 2024.
El índice no requerirá un reequilibrio especial. En su lugar, el peso de TELL será distribuido prorrata entre los restantes componentes del índice. Esta acción corporativa refleja cambios significativos en la composición del índice DCRBN, que se centra en la infraestructura de descarbonización.
Tortoise Capital은 Tellurian Inc (NYSE:TELL)가 Tortoise Decarbonization Infrastructure Index (DCRBN)에서 Woodside Energy Group에 의한 인수로 인해 제외된다고 발표했습니다. 이 제외는 2024년 10월 10일에 시장이 열릴 때 시행됩니다.
지수는 특별한 재조정이 필요하지 않습니다. 대신, TELL의 가중치는 남은 지수 구성원들에게 비례 배분됩니다. 이 기업 행동은 탈탄소 인프라에 중점을 두고 있는 DCRBN 지수의 구성에서 중요한 변화를 반영합니다.
Tortoise Capital a annoncé que Tellurian Inc (NYSE:TELL) sera retirée de l'Indice des Infrastructures de Décarbonisation de Tortoise (DCRBN) en raison de son acquisition par Woodside Energy Group. Le retrait prendra effet lorsque le marché ouvrira le 10 octobre 2024.
L'indice ne nécessitera pas de rééquilibrage spécial. Au lieu de cela, le poids de TELL sera distribué pro rata entre les autres constituants de l'indice. Cette action d'entreprise reflète des changements significatifs dans la composition de l'indice DCRBN, qui se concentre sur les infrastructures de décarbonisation.
Tortoise Capital hat angekündigt, dass Tellurian Inc (NYSE:TELL) vom Tortoise Decarbonization Infrastructure Index (DCRBN) entfernt wird, aufgrund ihrer Übernahme durch die Woodside Energy Group. Die Entfernung tritt in Kraft, wenn der Markt am 10. Oktober 2024 öffnet.
Der Index benötigt kein spezielles Rebalancing. Stattdessen wird das Gewicht von TELL pro rata auf die verbleibenden Indexbestandteile verteilt. Diese Unternehmensmaßnahme spiegelt bedeutende Veränderungen in der Zusammensetzung des DCRBN-Index wider, der sich auf Dekarbonisierungsinfrastruktur konzentriert.
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OVERLAND PARK, KS / ACCESSWIRE / October 8, 2024 / Tortoise Capital today announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Indexsm (DCRBN) as a result of its announced acquisition by Woodside Energy Group LTD. As a result, TELL will be removed from the Index when the market opens on Oct. 10, 2024.
Special rebalancing is not required for DCRBN. TELL will be removed, 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
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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 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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