Summit Midstream Corp. Common Stock To Commence Trading On NYSE on Thursday, August 1
Portfolio Pulse from Benzinga Newsdesk
Summit Midstream Partners, LP (NYSE:SMLP) will convert from a master limited partnership to a C-corporation on August 1, 2024. The new entity, Summit Midstream Corporation, will trade on the NYSE under the ticker symbol 'SMC'.
July 31, 2024 | 9:33 pm
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Summit Midstream Partners, LP (NYSE:SMLP) will convert to a C-corporation and trade as Summit Midstream Corporation (NYSE:SMC) starting August 1, 2024.
The conversion from a master limited partnership to a C-corporation is likely to attract a broader range of investors, potentially increasing demand for the stock. The approval by unitholders and the commencement of trading under a new ticker symbol 'SMC' on the NYSE are positive indicators.
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IMPORTANCE 80
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