NEW YORK, May 13, 2016 /PRNewswire/ -- Digital Realty
Trust Inc. (NYSE: DLR) will replace Time Warner Cable Inc. (NYSE: TWC) in the S&P 500 after the close of trading on
Tuesday, May 17. Charter Communications Inc. (NASD: CHTR) is acquiring Time Warner Cable in a deal
expected to be completed on or about that date pending final conditions.
Digital Realty Trust, a real estate investment trust (REIT), engages in the ownership, acquisition, development,
redevelopment, and management of technology-related real estate. Headquartered in San Francisco,
CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs
Sub-Industry index.
Following is a summary of the change:
|
S&P 500 INDEX – MAY 17, 2016
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Digital Realty Trust
|
Financials
|
Specialized REITs
|
|
DELETED
|
Time Warner Cable
|
Consumer Discretionary
|
Cable & Satellite
|
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(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
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(+1) 212 438 2297
soogyung.jordan@spdji.com
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SOURCE S&P Dow Jones Indices