NEW YORK, Jan. 13, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P MidCap 400 constituent Extra Space Storage Inc. (NYSE: EXR) will replace The Chubb Corp. (NYSE: CB) in the S&P 500, S&P SmallCap 600 constituent EPR Properties (NYSE: EPR) will replace Extra Space Storage in the S&P MidCap 400, and U.S. Concrete Inc. (NASD: USCR) will replace EPR Properties in the S&P SmallCap 600 after the close of trading on Friday, January 15. S&P 500 constituent ACE Ltd. (NYSE: ACE) is acquiring Chubb in a deal expected to be completed on January 14 pending final conditions. Post merger, ACE will change its name to Chubb Limited and trade under the ticker symbol "CB".
- World Wrestling Entertainment Inc. (NYSE: WWE) will replace Wausau Paper Corp. (NYSE: WPP) in the S&P SmallCap 600 after the close of trading on Wednesday, January 20. SCA is acquiring Wausau Paper in a deal expected to be completed on or about that date pending final approvals.
Extra Space Storage, a real estate investment trust (REIT), owns and operates self-storage properties. Headquartered in Salt Lake City, UT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
EPR Properties, a real estate investment trust (REIT), develops, owns, leases and finances properties in select market segments primarily related to entertainment, education and recreation. Headquartered in Kansas City, MO, the company will be added to the S&P MidCap 400 Specialized REITs Sub-Industry index.
U.S. Concrete produces and sells ready-mixed concrete, aggregates, and concrete-related products and services. Headquartered in Euless, TX, the company will be added to the S&P SmallCap 600 GICS Construction Materials Sub-Industry index.
World Wrestling Entertainment engages in the sports entertainment business. Headquartered in Stamford, CT, the company will be added to the S&P SmallCap 600 GICS Movies & Entertainment Sub-Industry index.
Following is a summary of the changes:
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S&P 500 INDEX – January 15, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Extra Space Storage
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Financials
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Specialized REITs
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DELETED
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Chubb
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Financials
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Property & Casualty Insurance
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S&P MIDCAP 400 INDEX – January 15, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
|
|
ADDED
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EPR Properties
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Financials
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Specialized REITs
|
|
DELETED
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Extra Space Storage
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Financials
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Specialized REITs
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S&P SMALLCAP 600 INDEX – January 15, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
|
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ADDED
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U.S. Concrete
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Materials
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Construction Materials
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DELETED
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EPR Properties
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Financials
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Specialized REITs
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S&P SMALLCAP 600 INDEX – January 20, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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World Wrestling Entertainment
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Consumer Discretionary
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Movies & Entertainment
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DELETED
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Wausau Paper
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Materials
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Paper Products
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Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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