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Tortoise Announces Index Updates for Second Quarter 2019

Business Wire



Reading Time: 5 minutes

LEAWOOD, Kan.–(BUSINESS WIRE)–Tortoise today announced upcoming additions and deletions to its indices
as part of its regular quarterly rebalancing for the second quarter of
2019. Following the close of trading on June 21, 2019, the indices will
be rebalanced and as a result, the following changes will become

Tortoise MLP Index®


Action       Company       Ticker
Addition       Rattler Midstream LP       RTLR
Deletion       Ciner Resources LP       CINR
Deletion       Martin Midstream Partners LP       MMLP
Deletion       Summit Midstream Partners LP       SMLP

The full constituent list can be viewed at

Tortoise North American Pipeline IndexSM


Action       Company       Ticker
Addition       Rattler Midstream LP       RTLR
Deletion       Summit Midstream Partners LP       SMLP

The full constituent list can be viewed at

Tortoise North American Oil & Gas Producers IndexSM


Action       Company       Ticker
Addition       Brigham Minerals Inc       MNRL
Deletion       Laredo Petroleum Inc       LPI
Deletion       Denbury Resources Inc       DNR
Deletion       Peyto Exploration & Development Corp       PEY
Deletion       Unit Corp       UNT

The full constituent list can be viewed at

Tortoise Global Water ESG Total Return Index SM


Action       Company       Ticker
Deletion       CT Environmental Group Ltd       1363 HK
Deletion       Oyo Corp       9755 JP

The full constituent list can be viewed at

The Tortoise Global Digital Payments Infrastructure IndexSM


Action       Company       Ticker
Addition       Network International Holdings PLC       NETW LN
Deletion       Chong Sing Holdings FinTech GR       8207 HK

The full constituent list can be viewed at:

The Tortoise Global Cloud Infrastructure IndexSM


Action       Company       Ticker
Addition       Fastly Inc       FSLY
Deletion       Worldline SA/France       WLN FP

The full constituent list can be viewed at:

About Tortoise

Tortoise invests in essential assets – those assets and services that
are indispensable to the economy and society. With a steady wins
approach and a long-term perspective, Tortoise strives to make a
positive impact on clients and communities. To learn more, please visit

The Tortoise MLP Index® is a float-adjusted,
capitalization weighted index of energy master limited partnerships
(MLPs). The index is comprised of publicly traded companies organized in
the form of limited partnerships or limited liability companies engaged
in transportation, production, processing and/or storage of energy

Tortoise North American Pipeline IndexSM is a
float-adjusted, capitalization weighted index of pipeline companies that
are organized and have their principal place of business in the United
States or Canada. A pipeline company is defined as a company that either
1) has been assigned a standard industrial classification (“SIC”) system
code that indicates the company operates in the energy pipeline industry
or 2) has at least 50% of its assets, cash flow or revenue associated
with the operation or ownership of energy pipelines. Pipeline companies
engage in the business of transporting natural gas, crude oil and
refined products, storing, gathering and processing such gas, oil and
products and local gas distribution. The index includes pipeline
companies structured as corporations, limited liability companies and
master limited partnerships (MLPs).

The Tortoise North American Oil & Gas Producers IndexSM
is a float-adjusted, capitalization weighted index of North
American energy companies primarily engaged in the production of crude
oil, condensate, natural gas or natural gas liquids (NGLs). The index
includes exploration and production companies structured as
corporations, limited liability companies, and master limited
partnerships, but excludes United States royalty trusts.

The Tortoise Global Water ESG Total Return IndexSM is
a proprietary, rules-based, modified capitalization-weighted,
float-adjusted index comprised of companies that are materially engaged
in the water infrastructure or water management industries.

The indices mentioned above are the exclusive property of Tortoise
Index Solutions, LLC, which has contracted with S&P Opco, LLC (a
subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the
Tortoise MLP Index®, Tortoise North American Pipeline Index
Tortoise North American Oil and Gas Producers Index
Tortoise Water Index
SM and Tortoise Global
Water ESG Index
SM (the “Indices”). The Indices
are not sponsored by S&P Dow Jones Indices or its affiliates or its
third party licensors (collectively, “S&P Dow Jones Indices”).
Dow Jones Indices will not be liable for any errors or omissions in
calculating the Indices.
“Calculated by S&P Dow Jones Indices”
and its related stylized mark(s) are service marks of S&P Dow Jones
Indices and have been licensed for use by Tortoise Index Solutions, LLC
and its affiliates. S&P
® is a registered
trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow
Jones® is a registered trademark of Dow Jones Trademark Holdings LLC
(“Dow Jones”).

The Tortoise Global Cloud Infrastructure IndexSM
represents the existing global cloud infrastructure landscape. It is a
proprietary, rules-based, 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.

The Tortoise Global Digital Payments Infrastructure IndexSM
represents the existing global digital payments landscape. It is a
proprietary, rules-based, modified market capitalization-weighted,
float-adjusted index comprised of companies that are materially engaged
in digital payments, including merchant processing and settlement, real
time record keeping, settlement networks, and Fintech products/ services
that facilitate the ease, efficiency, and speed of electronic
transactions. This includes companies whose primary business is
comprised of one or a combination of the following categories: credit
card networks, electronic transaction processing and associated
products/services, credit card issuers, electronic transaction
processing software (payments Fintech) or online financial services
market places.

The indices mentioned above are the exclusive property of Tortoise
Index Solutions, LLC and are 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

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.


Pam Kearney, Investor and Media Relations, (844) 872-1562,

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business Wire

Bermuda Government, Industry Group Heads to Toronto

Business Wire



Reading Time: 2 minutes

HAMILTON, Bermuda–(BUSINESS WIRE)–#Bermuda–Bermuda Finance Minister Curtis Dickinson leads a delegation of
government, regulatory and industry representatives to Toronto next week
to highlight Bermuda’s close links to Canada and opportunities for
bilateral trade and investment.

The delegation will take part in a
one-day multi-industry forum
, hosted by the Bermuda Business
Development Agency (BDA) Wednesday, June 19 at The Ritz-Carlton Toronto,
and also attend scheduled business development meetings around the city.
Featuring informative panel discussions, thought-leadership sessions,
and networking opportunities for investors and businesses interested in
learning more about the island, the forum is the sixth in a series of
overseas multi-industry showcases, following successful events in
London, New York and Miami over the past two years. It is the first in

“We’re looking forward to meeting civic leaders, media, investors and
industry executives during the forum and related meetings,” said BDA CEO
Andy Burrows. “The aim is to increase awareness of Bermuda as a
gold-standard international financial centre and underscore our
jurisdiction’s historic and mutually beneficial relationship with
Canadian markets.”

The Consul General of Canada in New York, Phyllis Yaffe, will help
launch the forum with a fireside chat-style conversation with Minister
Dickinson. Another highlight of the day will be a keynote presentation
by Lucia Gallardo, a fintech entrepreneur who has partnered with the
United Nations to leverage blockchain systems to help resettlement of
refugees, among other projects.

Industry sessions include participants from more than 30 Bermuda-related
entities, among them, AMBIKA, Aon, Appleby, ArcTern Ventures, ASW Law,
AXA XL, the Association of Bermuda Insurers & Reinsurers (ABIR); Bennett
Jones, the Bermuda Insurance Management Association (BIMA), Bermuda
Monetary Authority (BMA), Bermuda Tourism Authority (BTA), Butterfield
Bank, ChainThat, Conyers, CryptoScan, Deloitte, Estera Services,
Exponential Ventures, EY, Fasken, Insurance Bureau of Canada (IBC),
KPMG, Kroll Bond Rating Agency, MQ Services, Outlier Canada, PwC, Quest
Management Services, RGAx, SALT Lending, and Shyft Network.

Canada is one of Bermuda’s most significant economic partners, with
two-way trade between the two nations amounting to USD$2.6 billion in
2017, and $37 billion in mutual assets and investments. Bermuda supports
an estimated 25,000 jobs in Canada, including 15,000 from multi-national
companies in Bermuda and their Canadian affiliates and represents
Canada’s fifth-largest export market in trade and services; only the US,
UK, Germany and France are greater Canadian export markets.

To register for the free, one-day forum, go to:


The BDA encourages direct investment and helps companies start up,
re-locate or expand their operations in our premier jurisdiction. An
independent, public-private partnership, we connect you to industry
professionals, regulatory officials, and key contacts in the Bermuda
government to assist domicile decisions. Our goal? To make doing
business in Bermuda smooth and beneficial.


Rosemary Jones
Head of Communications &
278-6558 or 441 337-4696

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Business Wire

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Apple, Inc. To Contact The Firm

Business Wire



Reading Time: 3 minutes

NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Apple, Inc. (“Apple” or the “Company”) (NASDAQ:AAPL) of the
June 17, 2019 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.

If you invested in Apple stock or options between November 2, 2018
and January 2, 2019
and would like to discuss your legal rights, click
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
or at 212-983-9330 or by sending an e-mail to

The lawsuit has been filed in the U.S. District Court for the Northern
District of California on behalf of all those who purchased Apple common
stock between November 2, 2018 and January 2, 2019 (the “Class Period”).
The case, City of Roseville Employees’ Retirement System v. Apple
Inc., et al.,
No. 19-cv-2033 was filed on April 16, 2019.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) the U.S.-China
trade war had negatively impacted demand for iPhones and Apple’s pricing
power in greater China; (2) due to Apple discounting the cost of
replacement batteries to make up for the Company’s prior conduct of
intentionally degrading the performance of the batteries in older
iPhones, the rate at which Apple customers were replacing their
batteries in older iPhones, rather than purchasing new iPhones, was
negatively impacting Apple’s iPhone sales growth; (3) as a result of
slowing demand, Apple had slashed production orders from suppliers for
the new 2018 iPhone models and cut prices to reduce inventory; and (4)
defendants’ decision to withhold unit sales for iPhones and other
hardware, which was a metric relevant to investors and their view of the
Company’s financial performance, was designed to and would mask declines
in unit sales of the Company’s flagship product.

On January 2, 2019, after the close of trading, Apple disclosed that,
for the first time in 15 years, Apple would miss its prior quarterly
revenue forecast amid falling iPhone sales in China, its third-largest
market after the United States and Europe. The Company announced first
quarter fiscal 2019 revenues of only $84 billion, far below the expected
range of $89 billion to $93 billion the Company had announced just eight
weeks earlier on November 1, 2018. The Company also admitted that in
addition to macroeconomics in the Chinese market, the price cuts to
battery replacements a year earlier to fix the Company’s prior
surreptitious conduct had hurt iPhone sales.

On this news, the Company’s stock price fell from $157.92 per share on
January 2, 2019 to $142.19 per share on January 3, 2019—a $15.62 or
9.96% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Apple’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential


685 Third Avenue, 26th Floor
York, NY 10017
Attn: Richard Gonnello, Esq.
(877) 247-4292 or (212) 983-9330

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Business Wire

Three Finalists Selected Following GA-ASI’s Blue Magic Belgium Event

Business Wire



Reading Time: 2 minutes

PARIS–(BUSINESS WIRE)–Three finalists have been selected from GA-ASI’s Blue Magic Belgium
event with the goal of supporting GA-ASI and the development of MQ-9B
SkyGuardian Remotely Piloted Aircraft (RPA) for Belgium. The three
Belgian companies selected are AIRobot, ALX Systems, and Hexagon.

AIRobot, a company based at DronePort in Sint Truiden, Belgium, focuses
on developing drone performance equipment for easy, precise and safe
professional operations, while specializing in Artificial Intelligence
(AI) for processing hyper-spectral imagery. ALX Systems is an Unmanned
Aircraft System (UAS) solution provider based in Liège, Belgium and
specializing in AI for processing Full Motion Video. Hexagon’s
Geospatial division, with an office in Leuven, Belgium, specializes in
software solutions and geospatial tools for visualizing location
intelligence, such as auto-routing UAS and creating a smart digital

GA-ASI held outreach events in Belgium May 15-16 with the goal of
identifying small to medium-sized Belgian companies that can support
SkyGuardian development through cutting-edge technologies. This followed
the Government of Belgium’s approval for Belgian Defense to negotiate
acquisition of GA-ASI’s SkyGuardian to meet the nation’s RPA

“We were very impressed by the many talented companies and particularly
by the innovative concepts presented by these three finalists,” said
Linden Blue, CEO, GA-ASI.

Blue Magic Belgium was a Research and Development (R&D) event held in
two regions of Belgium. Approximately 50 related companies registered
for the event and 19 companies were selected to present their innovative
technologies to a technical panel of experts from GA-ASI. GA-ASI is
committed to placing $3 million in R&D funding with Belgium industry.
This investment will focus on high-value technological development with
small to medium-sized enterprises. The seed funds will be utilized to
develop Belgian capabilities that meet Ministry of Defense (MOD) and
industry objectives to be competitive in future European RPA programs.

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of
General Atomics, is a leading designer and manufacturer of proven,
reliable Remotely Piloted Aircraft (RPA) systems, radars, and
electro-optic and related mission systems, including the Predator®
RPA series and the Lynx® Multi-mode Radar. With more than
five million flight hours, GA-ASI provides long-endurance,
mission-capable aircraft with integrated sensor and data link systems
required to deliver persistent flight that enables situational awareness
and rapid strike. The company also produces a variety of ground control
stations and sensor control/image analysis software, offers pilot
training and support services, and develops meta-material antennas. For
more information, visit

Predator and Lynx are registered trademarks of General Atomics
Aeronautical Systems, Inc.


Robert Walker
General Atomics Aeronautical Systems, Inc.
(858) 524-8101

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