Standard & Poor's Announces Change to U.S. Index
February 11 2008 - 5:45PM
PR Newswire (US)
NEW YORK, Feb. 11 /PRNewswire/ -- S&P U.S. REIT Composite
constituent Home Properties Inc. (NYSE:HME) will replace Kellwood
Co. (NYSE:KWD) in the S&P SmallCap 600 after the close of
trading on Tuesday, February 12. KWD is being acquired by a private
equity firm in a tender offer expected to expire on that date.
Standard & Poor's will monitor this transaction, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Home Properties is a real estate investment trust that owns,
operates and develops apartment communities in the Northeast,
Mid-Atlantic and Southeastern regions of the United States.
Headquartered in Rochester, NY, the company will be added to the
S&P SmallCap 600 GICS (Global Industry Classification Standard)
Residential REITs Sub-Industry index. Following is a summary of the
change: S&P SMALLCAP 600 INDEX - February 12, 2008 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Home Properties Financials
Residential REITs DELETED Kellwood Consumer Discretionary Apparel,
Accessories & Luxury Goods Additions to and deletions from an
S&P equity index do not in any way reflect an opinion on the
investment merits of the companies concerned. About Standard &
Poor's Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of financial
market intelligence, including independent credit ratings, indices,
risk evaluation, investment research and data. With approximately
7,500 employees, including wholly-owned affiliates, located in 21
countries, Standard & Poor's is an essential part of the
world's financial infrastructure, and has played a leading role for
more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment
and financial decisions. For more information, visit
http://www.standardandpoors.com/. About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading
global information services provider meeting worldwide needs in the
financial services, education and business information markets
through leading brands such as Standard & Poor's, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in
2007 were $6.8 billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee +1-212-438-3907 Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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