Tortoise Announces Expected Constituent Change Due to Merger and Acquisition Activity

LEAWOOD, Kan.–(BUSINESS WIRE)–Tortoise today announced a constituent change due to the acquisition of
Western Gas Partners LP by Western Gas Equity Partners LP as part of its
simplification transaction. The combined entity will be renamed Western
Midstream Partners LP and will trade under the ticker symbol (WES). As
such, Western Gas Partners LP will cease trading on the New York Stock
Exchange following the completion of the acquisition and will therefore
be removed from the Tortoise MLP Index® (TMLP) and the
Tortoise North American Pipeline IndexSM (TNAP) following the
expected close on Feb. 28, 2019. The renamed Western Midstream Partners
LP (WES) will remain a constituent in both indices.

About Tortoise

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

About Tortoise MLP Index®

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.

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).

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 IndexSM , Tortoise
North American Oil and Gas Producers IndexSM , and the
Tortoise Water 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 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”).

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.


Pam Kearney
Investor and Media Relations

error: Content is protected !!