|[July 11, 2019]
Tortoise Announces Expected Constituent Change Due to Merger and Acquisition Activity
Tortoise today announced that Red Hat (News - Alert) Inc. (NYSE: RHT) has been removed from Tortoise Global Cloud Infrastructure IndexSM as a result of the completion of the acquisition by International Business Machines Corp. (NYSE: IBM (News - Alert)) on July 9, 2019.
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The Tortoise Global Cloud Infrastructure IndexSM represents the existing global cloud infrastructure landscape. It is a proprietary, rules-baed, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the cloud infrastructure industry, including cloud systems/ services, cloud management software, cloud hosting, cloud security, cloud hardware and cloud data centers.
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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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190711005818/en/
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