Tortoise Capital Announces Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate Action

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Tortoise Capital has announced the removal of Atlantica Sustainable Infrastructure PLC (NASDAQ:AY UW) from the Tortoise Decarbonization Infrastructure Index (DCRBN), effective at market open on December 12, 2024. The removal is due to AY's pending acquisition by Energy Capital Partners. The index will not undergo a special rebalancing; instead, AY's weight will be distributed proportionally among the remaining index constituents.

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OVERLAND PARK, KS / ACCESSWIRE / December 11, 2024 / Tortoise Capital today announced that Atlantica Sustainable Infrastructure PLC (NASDAQ:AY UW) will be removed from the Tortoise Decarbonization Infrastructure Index^SM (DCRBN) as a result of its announced acquisition by Energy Capital Partners. As a result, AY will be removed from the Index when the market opens on Dec. 12, 2024.

Special rebalancing is not required for DCRBN. AY will be removed, and its weight distributed pro rata to remaining Index constituents.

About Tortoise Index Solutions (TIS)

TIS 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 investable 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. To learn more, please visit www.TortoiseAdvisors.com.

About Tortoise Capital

With approximately $8.8 billion in assets under management as of October 31, 2024, Tortoise Capital's solid record of investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise Capital believes it is well-positioned to be at the forefront of the global energy evolution that is under way. For more information about Tortoise Capital, visit www.TortoiseAdvisors.com.

The Tortoise Decarbonization Infrastructure Index^SM is a float-adjusted, capitalization weighted index of decarbonizing infrastructure companies that are organized and have their principal place of business in the United States or Canada. We define a decarbonization infrastructure company as a company that primarily owns natural gas and/ or natural gas liquids infrastructure including pipelines and local distribution companies, electric generation, transmission and distribution, battery storage, electric charging infrastructure, residential rooftop solar facilities and/ or renewable fuels.

The Tortoise Decarbonization Infrastructure Index^SM is the exclusive property of TIS and is calculated by Solactive AG ("Solactive"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG ("Solactive") in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.

This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. Tortoise makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.

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.

Contact Information

For more information contact Eva Lipner at (913) 981-1020 or info@tortoiseadvisors.com.

SOURCE: Tortoise Capital

View the original press release on accesswire.com

FAQ

When will Atlantica Sustainable Infrastructure (AY) be removed from the DCRBN index?

Atlantica Sustainable Infrastructure will be removed from the DCRBN index when the market opens on December 12, 2024.

How will the DCRBN index handle the weight redistribution after AY's removal?

AY's weight will be distributed pro rata among the remaining index constituents, with no special rebalancing required.

Why is Atlantica Sustainable Infrastructure being removed from the DCRBN index?

Atlantica Sustainable Infrastructure is being removed from the index due to its announced acquisition by Energy Capital Partners.

Will there be a special rebalancing of the DCRBN index following AY's removal?

No, the DCRBN index will not undergo a special rebalancing following AY's removal.