Tortoise Announces Expected Constituent Change Due to Merger and Acquisition Activity
LEAWOOD, Kan.--(BUSINESS WIRE)--Nov 10, 2018--Tortoise today announced that Enbridge Income Fund Holdings Inc. (ENF) was removed from Tortoise North American Pipeline Index℠ (TNAP) following the close of the market on Nov. 8, 2018 as it ceased trading on the Toronto Stock Exchange following the completion of the acquisition by Enbridge Inc. (ENB).
Tortoise invests in assets and services that serve essential needs in society and can also serve essential client needs, such as diversification and income. Tortoise’s actively researched indices fill a void in the essential asset universe and provide a platform for passively managed exchange-traded products. Through a variety of investment vehicles, Tortoise provides access to a wide range of client solutions, focused on their evolving needs. For more information, please visit www.tortoiseadvisors.com.
About Tortoise North American Pipeline Index℠
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).
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 Tortoise 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) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline Index℠ , Tortoise North American Oil and Gas Producers Index℠, and the Tortoise Water Index℠ (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 omission 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 Tortoise Index Solutions, LLC 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”).
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Pam Kearney, 844-872-1562
Investor and Media Relations
KEYWORD: KANSAS NORTH AMERICA UNITED STATES
INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES OIL/GAS ENERGY
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PUB: 11/10/2018 07:07 PM/DISC: 11/10/2018 07:07 PM