NEW YORK, Feb. 14, 2011 /PRNewswire/ -- S&P will make
the following changes to SmallCap 600 Index:
- GeoResources Inc. (NASD:GEOI) will replace Seahawk Drilling
Inc. (NASD:HAWK) after the close of trading on Wednesday, February 16. Seahawk Drilling filed
for bankruptcy protection and is no longer eligible for inclusion
in the index.
- Prospect Capital Corp. (NASD:PSEC) will replace Martek
Biosciences Corp. (NASD:MATK) after the close of trading on
Friday, February 18. Royal DSM
N.V. is acquiring Martek Biosciences in a deal expected to be
completed soon, pending final conditions.
Standard & Poor's will monitor these transactions and post
any relevant updates on its website: www.standardandpoors.com.
GeoResources engages in the acquisition, development,
production, and exploration of oil and gas reserves. Headquartered
in Houston, TX, the company will
be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Oil & Gas Exploration & Production
Sub-Industry index.
Prospect Capital is a financial services company that lends to
and invests in middle market privately-held companies.
Headquartered in New York, NY, the
company will be added to the S&P SmallCap 600 GICS Asset
Management & Custody Banks Sub-Industry index.
Following is a summary of the changes:
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S&P
SMALLCAP 600 INDEX – February 16, 2011
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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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GeoResources
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Energy
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Oil &
Gas Exploration & Production
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DELETED
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Seahawk
Drilling
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Energy
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Oil &
Gas Drilling
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S&P
SMALLCAP 600 INDEX – February 18, 2011
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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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Prospect
Capital
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Financials
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Asset
Management & Custody Banks
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DELETED
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Martek
Biosciences
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Health
Care
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Biotechnology
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For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. 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.
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For more information
contact:
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David M. Blitzer,
Ph.D.
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Managing Director & Chairman
of the Index Committee
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(212)-438-3907
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SOURCE Standard & Poor's