LEAWOOD, Kan.-- June 30, 2016 (BUSINESS WIRE)--Tortoise Index Solutions today announced that AGL Resources
Inc. (NYSE: GAS) will be removed from the Tortoise North American
Pipeline IndexSM (TNAP) as a result of yesterday’s
announcement that regulators have approved the merger with Southern
Company (NYSE: SO). Rebalancing of TNAP constituents will occur after
the close of business on June 30, 2016, consistent with the index’s
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 May 31, 2016, Tortoise Capital Advisors
had approximately $14.1 billion of assets under management in listed
closed-end funds, mutual funds, private funds and separate 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.
About Tortoise North American Pipeline IndexSM
The Tortoise North American Pipeline Index 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 50% of its assets, cash flow or revenue associated with
the operation or ownership of energy pipelines.
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.
Tortoise Index Solutions, LLC
Pam Kearney, 844-872-1562
and Media Relations