StockNews.AI
ENLC
StockNews.AI
201 days

Tortoise Capital Announces Tortoise MLP Index, Tortoise North American Pipeline Index, and Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate Action

1. ENLC to be removed from key indices due to ONEOK acquisition. 2. Index removal may decrease ENLC's visibility and liquidity.

2m saved
Insight
Article

FAQ

Why Bearish?

Removal from major indices usually leads to lower visibility and investor interest.

How important is it?

Index removal directly impacts ENLC's trading and investor perception amid the acquisition.

Why Short Term?

The index removal effect is immediate, impacting trading on Jan. 31, 2025.

Related Companies

OKETMLPTNAPDCRBN
OVERLAND PARK, KS / ACCESS Newswire / January 30, 2025 / Tortoise Capital today announced that EnLink Midstream, LLC (NYSE:ENLC) will be removed from the Tortoise MLP Index ® (TMLP), the Tortoise North American Pipeline IndexSM (TNAP), and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of its announced acquisition by ONEOK Inc. As a result, ENLC will be removed from the indices at market open on Jan. 31, 2025. ENLC will be removed from the Tortoise MLP Index ® (TMLP) with a special rebalance.

Related News