Standard & Poor's Announces Changes to U.S. Indices
March 25 2009 - 6:06PM
PR Newswire (US)
NEW YORK, March 25 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400 and
S&P SmallCap 600 indices after the close of trading on
Wednesday, April 1: -- S&P MidCap 400 constituent Denbury
Resources Inc. (NYSE:DNR) will replace Rohm and Haas Co. (NYSE:ROH)
in the S&P 500, and Corporate Office Properties Trust
(NYSE:OFC) will replace Denbury Resources in the S&P MidCap
400. S&P 100 & 500 constituent The Dow Chemical Corp.
(NYSE:DOW) is acquiring Rohm and Hass in a transaction expected to
be completed on or about that date. -- S&P SmallCap 600
constituent Cleco Corp. (NYSE:CNL) will replace Belo Corp.
(NYSE:BLC) in the S&P MidCap 400, and Pinnacle Financial
Partners Inc. (NASDAQ:PNFP) will replace Cleco in the S&P
SmallCap 600. As of today's close of trading Belo had a market
capitalization of $81 million, ranking it 400th in the index.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com/.
Denbury Resources is engaged in the acquisition, development,
operation and exploration of oil and natural gas properties.
Headquartered in Plano, TX, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Oil
& Gas Exploration & Production Sub-Industry index.
Corporate Office Properties is a specialty office real estate
investment trust (REIT). Headquartered in Columbia, MD, the company
will be added to the S&P MidCap 400 GICS Office REITs
Sub-Industry index. Cleco is a public utility company.
Headquartered in Pineville, LA, the company will be added to the
S&P MidCap 400 GICS Electric Utilities Sub-Industry index.
Pinnacle Financial operates as a community bank primarily in urban
markets. Headquartered in Nashville, TN, the company will be added
to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes: S&P 500 INDEX - April 1,
2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Denbury
Energy Oil & Gas Exploration & Resources Production DELETED
Rohm and Materials Diversified Chemicals Haas S&P MIDCAP 400
INDEX - April 1, 2009 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Corporate Financials Office REITs Office
Properties Cleco Utilities Electric Utilities DELETED Denbury
Energy Oil & Gas Exploration & Resources Production Belo
Corp. Consumer Discretionary Broadcasting S&P SMALLCAP 600
INDEX - April 1, 2009 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Pinnacle Financials Regional Banks Financial
DELETED Cleco Utilities Electric Utilities 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
S&P Global 1200, a composite index comprised of seven regional
and country headline indices. For more information, please visit
http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a subsidiary of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of
independent credit ratings, indices, risk evaluation, investment
research and data. With approximately 10,000 employees, including
wholly owned affiliates, located in 23 countries and markets,
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/. 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/
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