LEAWOOD, Kan.-- September 16, 2016 (BUSINESS WIRE)--Tortoise Index Solutions today announced that Questar Corp (NYSE: STR) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) as a result of this week’s announcement that the Wyoming Public Service Commission has approved the merger with Dominion Resources (NYSE: D). Rebalancing of TNAP constituents will occur after the close of business today, Sept. 16, 2016, consistent with the index’s methodology.
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 Aug. 31, 2016, Tortoise Capital Advisors had approximately $15.1 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. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
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