NEW YORK, Dec. 13, 2010 /PRNewswire/ -- Standard &
Poor's will make the following changes to the S&P SmallCap 600
index:
- The Great Atlantic & Pacific Tea Company Inc. (NYSE: GAP)
will be removed from the S&P SmallCap 600 index after the close
of trading on Tuesday, December 14.
The company has filed for Chapter 11 bankruptcy protection.
Great Atlantic & Pacific Tea Company's place in the S&P
SmallCap 600 will be taken by Saul Centers Inc. (NYSE: BFS) after
the close of trading on Friday, December
17. The index will trade with 599 constituents until that
time.
Standard & Poor's will monitor these transactions, and post
any relevant updates on its website: www.standardandpoors.com.
Saul Centers is a REIT that
operates and manages shopping center and office properties.
Headquartered in Bethesda, MD, the
company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Retail REITs Sub-Industry
index.
Following is a summary of the changes:
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S&P
SMALLCAP 600 INDEX – December 14, 2010
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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DELETED
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Great
Atlantic & Pacific Tea Company
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Consumer
Staples
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Food
Retail
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S&P
SMALLCAP 600 INDEX – December 17, 2010
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COMPANY
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GICS
ECONOMIC SECTOR
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GICS
SUB-INDUSTRY
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ADDED
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Saul
Centers
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Financials
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Retail
REITs
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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 S&P Indices
S&P Indices, a part of McGraw-Hill Financial, is the world's
leading index provider maintaining a wide variety of investable and
benchmark indices. Over $1.25
trillion is directly indexed to Standard & Poor's family
of indices, which includes the S&P 500, the world's most
followed stock market index, the S&P/Case-Shiller Home Price
Indices, the leading measure of U.S. home prices, the S&P
Global BMI, an index with approximately 11,000 constituents, the
S&P GSCI, the industry's most closely watched commodities
index, and the S&P National AMT-Free Municipal Bond Index, the
premier investable index for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices.
About McGraw-Hill Financial
McGraw-Hill Financial, a part of The McGraw-Hill Companies
(NYSE: MHP), is a leading provider of research and analytical tools
for investment advisors, wealth managers and institutional
investors. It deploys the latest innovative technology strategies
to deliver to customers a portfolio of cross-asset analytics,
integrated desktop services, valuation and index benchmarks and
investment recommendations in the rapidly growing $16 billion financial information, data and
analytics market.
David M. Blitzer,
Ph.D.
Managing Director & Chairman
of the Index Committee
(212) 438-3907
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SOURCE Standard & Poor's