Cohen & Steers Announces Change in Realty Majors Portfolio Index
May 27 2011 - 2:02PM
PR Newswire (US)
NEW YORK, May 27, 2011 /PRNewswire/ -- Cohen & Steers,
Inc. (NYSE: CNS) announced today a pending change to its Realty
Majors Portfolio Index (RMP) as a result of the proposed merger of
ProLogis and AMB Property Corp. expected to be completed on
June 3, 2011. The changes to the
index will become effective on the effective date of the merger.
After the combination, AMB Property Corp. is the surviving
corporation, but it will be renamed ProLogis and will trade under
the NYSE symbol "PLD."
Component change:
|
Merger and
Replacement
|
|
Index Name:
|
Cohen & Steers Realty Majors
Portfolio Index
|
|
Index Symbol:
|
RMP
|
|
Calculation method:
|
Free-Float Adjusted Modified
Market Capitalization Weighted Index
|
|
|
|
Replacement component
symbol:
|
GGP
|
|
Replacement component
name:
|
General Growth Properties,
Inc.
|
|
|
|
The Realty Majors Portfolio Index is a free-float adjusted,
modified market capitalization weighted total return index of
selected real estate equity securities. It is quoted intraday on a
real-time basis by the Chicago Mercantile Exchange under the symbol
RMP. The index's modified capitalization-weighted approach and
qualitative screening process emphasize companies that the Cohen
& Steers Index Committee believes are leading the
securitization of real estate in the
United States.
RMP can be used as an indexing benchmark, stock selection
universe, underlying index for derivative instruments or
performance benchmark. All index weightings are independently
calculated by Standard & Poor's.
SOURCE Cohen & Steers, Inc.; Realty Majors Portfolio
Index
Copyright 2011 PR Newswire
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