NEW YORK, June 26, 2017 /PRNewswire/ -- S&P SmallCap
600 constituent Blackbaud Inc. (NASD: BLKB) will replace CST Brands Inc. (NYSE: CST) in the S&P MidCap 400, and National
Storage Affiliates Trust (NYSE: NSA) will replace Blackbaud in the S&P SmallCap 600 effective prior to the open on
Thursday, June 29. Alimentation Couche-Tard Inc. is acquiring CST Brands in a deal expected to be
completed soon pending final closing conditions.
Blackbaud provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare
organizations, and other charitable giving entities. Headquartered in Charleston, SC, the
company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry
index.
National Storage Affiliates, a real estate investment trust (REIT), engages in ownership, operation, and acquisition of
self-storage facilities. Headquartered in Greenwood Village, CO, the company will be added to
the S&P SmallCap 600 GICS Specialized REITs Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – June 29, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
Blackbaud
|
Information Technology
|
Application Software
|
DELETED
|
CST Brands
|
Consumer Discretionary
|
Automotive Retail
|
S&P SMALLCAP 600 INDEX – June 29, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
National Storage
Affiliates
|
Real Estate
|
Specialized REIT's
|
DELETED
|
Blackbaud
|
Information Technology
|
Application Software
|
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(+1) 212 438 2297
soogyung.jordan@spglobal.com
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Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
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SOURCE S&P Dow Jones Indices