Standard & Poor's Announces Changes to U.S. Indices
October 28 2008 - 6:16PM
PR Newswire (US)
NEW YORK, Oct. 28 /PRNewswire/ -- S&P MidCap 400 constituent
Wisconsin Energy Corp. (NYSE:WEC) will replace MGIC Investment
Corp. (NYSE:MTG) in the S&P 500, S&P SmallCap 600
constituent Unit Corp. (NYSE:UNT) will replace Wisconsin Energy in
the S&P MidCap 400, and Cal-Maine Foods Inc. (NASDAQ: CALM)
will replace Unit in the S&P SmallCap 600, all after the close
of trading on Thursday, October 30. As of today's close, MGIC
Investment had a market capitalization of approximately $266
million, ranking it 500th in the index. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. Wisconsin Energy
provides electric and natural gas services. Headquartered in
Milwaukee, WI, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Multi-Utilities
Sub-Industry index. Unit operates as a contract drilling company.
Headquartered in Tulsa, OK, the company will be added to the
S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry index.
Cal-Maine Foods engages in the production, grading, packaging,
marketing, and distribution of shell eggs. Headquartered in
Jackson, MS, the company will be added to the S&P SmallCap 600
GICS Packaged Foods & Meats Sub-Industry index. Following is a
summary of the changes: S&P 500 INDEX - October 30, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Wisconsin
Energy Utilities Multi-Utilities DELETED MGIC Investment Financials
Thrifts & Mortgage Finance S&P MIDCAP 400 INDEX - October
30, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Unit
Energy Oil & Gas Drilling DELETED Wisconsin Energy Utilities
Multi-Utilities S&P SMALLCAP 600 INDEX - October 30, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Cal-Maine
Foods Consumer Staples Packaged Foods & Meats DELETED Unit
Energy Oil & Gas Drilling 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 Index Services Standard & Poor's Index Services, the
world's leading index provider, maintains a wide variety of
investable and benchmark indices to meet an array of investor
needs. Its family of indices includes the S&P 500, an index
with $1.5 trillion invested and $4.85 trillion benchmarked, and the
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and country headline indices. For more information, please visit
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http://www.standardandpoors.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.standardandpoors.com/indices
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