NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE: AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (NYSE/ TSX: BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective
Date
|
Index Name
|
Action
|
Company Name
|
Ticker
|
GICS Sector
|
|
May 6, 2024
|
S&P SmallCap 600
|
Addition
|
IAC
|
IAC
|
Communication Services
|
|
S&P SmallCap 600
|
Deletion
|
American Equity
Investment Life Holdings
|
AEL
|
Financials
|
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original content:https://www.prnewswire.com/news-releases/iac-set-to-join-sp-smallcap-600-302133802.html
SOURCE S&P Dow Jones Indices
