Citi Launches C-Tracks ETNs Linked to Miller/Howard MLP Fundamental Index
NEW YORK--(BUSINESS WIRE)-- Citi announced today the listing on NYSE Arca of C-Tracks Exchange-Traded Notes linked to the Miller/Howard MLP Fundamental Index ("the Index"). The C-Track Exchange-Traded Notes with the ticker symbol "MLPC" began trading on September 25, 2013.
About C-Tracks ETNs linked to the MLPC
The C-Tracks Exchange-Traded Notes linked to the Index are designed for investors seeking exposure to the performance of the Index and any distributions that may be paid on the securities included in the Index.
Learn more: www.c-tracksetns.com
About the Miller/Howard MLP Fundamental Index
The Index is a rules-based proprietary index developed by Miller/Howard Investments Inc., and is designed to measure the performance of 25 master limited partnerships ("MLPs") selected by a methodology based upon certain observable, quantitative fundamental factors of publicly traded MLPs, including distribution growth, estimated capital expenditures and distribution coverage.
The methodology, which is intended to provide exposure to the MLPs, aims to achieve this through a quarterly, rules-based selection of MLPs to be included in the Index for the following quarter.
MILLER/HOWARD is a trademark and service mark of Miller Howard Investments Inc. or its affiliates (collectively, "Licensor"), is used throughout the world, and is used under license for certain purposes by [Licensee]. Reproduction of the Licensor data and information in any form is prohibited except with the prior written permission of Licensor. The investment product referred to herein is not sponsored, endorsed, or distributed by Licensor and Licensor makes no representation regarding the advisability of investing in the product. Because of the possibility of human or mechanical error, Licensor does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Scott Helfman, +1-212-816-9241
KEYWORDS: United States North America New York
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