WaterBridge Infrastructure to Be Added to Multiple Indexes
VettaFi announced that WaterBridge Infrastructure will be added to the indexes listed below following the close of trading on Thursday, June 18. Each of the following indexes is a capped, float-adjusted, capitalization-weighted index whose constituents earn the majority of their cash flow from midstream activities involving energy commodities: Alerian MLP Infrastructure Index- a composite of energy infrastructure companies; Alerian Midstream Energy Index - a broad-based composite of North American energy infrastructure companies; Alerian US Midstream Energy Index - a broad-based composite of U.S. energy infrastructure companies; Alerian MLP Index - the leading gauge of energy infrastructure companies; Alerian Midstream Energy Select Index- a composite of North American energy infrastructure companies engaged in midstream activities; Alerian Midstream Energy Corporation Index - a broad-based composite of North American energy infrastructure corporations. WaterBridge also announced that its board of directors has formed a special committee of independent directors to evaluate a potential conversion from a Delaware limited liability company to a Texas corporation. A primary driver of this evaluation is index eligibility. Major benchmarks - including key S&P, Russell and CRSP indexes - restrict eligibility to corporations, and WaterBridge believes conversion could unlock inclusion in these widely followed indexes. WaterBridge anticipates such inclusion would broaden its eligible investor base, improve trading liquidity, and increase market visibility, each of which would enhance the Company's ability to pursue growth on favorable terms and support long-term shareholder value. The special committee will evaluate the potential benefits and risks of such a conversion, including the impact on WaterBridge's governance structure and tax treatment
