NEW YORK, Sept. 9 /PRNewswire/ -- Standard & Poor's will make the
following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600
indices:
-- Federal Home Loan Mortgage Corp. (NYSE: FRE) will be removed from
the S&P 500 after the close of trading on Wednesday, September 10. Its
place in the S&P 500 will be taken by Salesforce.com Inc. (NYSE: CRM),
which will be added after the close of trading on Friday, September 12. As
of today's close of trading Federal Home Loan Mortgage Corp. had a market
capitalization of approximately $614 million, whereas the minimum market
cap a company must maintain in order to be eligible for admission to the
index is $5 billion.
-- Federal National Mortgage Association (NYSE: FNM) will be removed
from the S&P 500 after the close of trading on Wednesday, September 10. Its
place in the S&P 500 will be taken by S&P MidCap 400 constituent Fastenal
Co. (Nasdaq: FAST), which will be added after the close of trading on
Friday, September 12. Fastenal will be replaced in the S&P MidCap 400 by
S&P SmallCap 600 and S&P REIT Composite constituent Essex Property Trust
Inc. (NYSE: ESS), and Essex Property Trust will be replaced in the S&P
SmallCap 600 by Stifel Financial Corp. (NYSE: SF), all after the close of
trading on Friday, September 12. As of today's close of trading Federal
National Mortgage Association had a market capitalization of approximately
$1.04 billion, whereas the minimum market cap a company must maintain in
order to be eligible for admission to the index is $5 billion.
-- United Therapeutics Corp. (Nasdaq: UTHR) will replace Lee
Enterprises Inc. (NYSE: LEE) in the S&P MidCap 400 after the close of
trading on Friday, September 12. As of today's close of trading Lee
Enterprises had a market capitalization of approximately $151 million,
ranking 400th in the index.
Standard & Poor's will monitor these transactions, and post any
relevant updates on its website: http://www.standardandpoors.com.
Salesforce.com provides on-demand customer relationship management
(CRM) services to businesses and industries worldwide. Headquartered in San
Francisco, CA, the company will be added to the S&P 500 GICS (Global
Industry Classification Standard) Application Software Sub-Industry index.
Fastenal sells industrial and construction supplies. Headquartered in
Winona, MN, the company will be added to the S&P 500 GICS Trading Companies
& Distributors Sub-Industry index.
Essex Property Trust is a real estate investment trust specializing in
apartment communities. Headquartered in Palo Alto, CA, the company will be
added to the S&P MidCap 400 GICS Residential REITs Sub-Industry index.
Stifel Financial offers securities-related financial services in the
U.S. and Europe, including brokerage, trading, investment banking, and
investment advisory services. Headquartered in St. Louis, MO, the company
will be added to the S&P SmallCap 600 GICS Investment Banking & Brokerage
Sub-Industry index.
United Therapeutics develops and commercializes therapeutic products
for patients with chronic and life-threatening diseases. Headquartered in
Silver Spring, MD, the company will be added to the S&P MidCap 400 GICS
Biotechnology Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - September 10, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
DELETED Federal Home Loan Financials Thrifts & Mortgage
Mortgage Corp. Finance
DELETED Federal National Financials Thrifts & Mortgage
Mortgage Association Finance
S&P 500 INDEX - September 12, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Salesforce.com Information Technology Application
Software
ADDED Fastenal Industrials Trading Companies
& Distributors
S&P MIDCAP 400 INDEX - September 12, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Essex Property Trust Financials Residential REITs
United Therapeutics Health Care Biotechnology
DELETED Fastenal Industrials Trading Companies
& Distributors
Lee Enterprises Consumer Discretionary Publishing
S&P SMALLCAP 600 INDEX - September 12, 2008
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Stifel Financial Financials Investment Banking
& Brokerage
DELETED Essex Property Trust Financials Residential REITs
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
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 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 8,500 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.
SOURCE Standard & Poor's
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CONTACT:
David M. Blitzer, Ph.D. Managing Director &
Chairman of the Index Committee +1-212-438-3907
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