NuStar Energy LP's acquisition by Sunoco LP leads to its removal from Tortoise MLP Index and Tortoise North American Pipeline Index on May 3, 2024.
Tortoise announces revision to corporate action treatment for Tortoise North American Pipeline IndexSM (TNAP) due to NuStar Energy LP's acquisition by Sunoco LP. NuStar Energy LP will be removed from Tortoise MLP Index® (TMLP) and TNAP at market open on Friday, May 3, 2024, with a special rebalancing in TMLP. Special rebalancings in TMLP are triggered by corporate actions exceeding the index's 7.5% threshold and certain weighting thresholds.
May 03, 2024
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