NEW YORK, June 24, 2020 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400
and S&P SmallCap 600 effective prior to the open of trading on
Tuesday, June 30:
- S&P SmallCap 600 constituent TopBuild Corp. (NYSE: BLD)
will replace Tech Data Corp. (NASD: TECD) in the S&P MidCap
400, and Retail Properties of America Inc. (NYSE: RPAI) will
replace TopBuild in the S&P SmallCap 600. Apollo Global
Management Inc. (NYSE: APO) is acquiring Tech Data in a deal
expected to be completed on or around June
30 pending final conditions.
- Brandywine Realty Trust (NYSE: BDN) will replace Briggs &
Stratton Corp. (NYSE: BGG) in the S&P SmallCap 600. Briggs
& Stratton is no longer representative of the small-cap market
space.
TopBuild installs and distributes insulation and other building
products. Headquartered in Daytona Beach,
FL, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Homebuilding Sub-Industry
index.
Retail Properties of America, a REIT (Real Estate investment
Trust), owns and operates strategically located open-air shopping
centers, including properties with a mixed-use component.
Headquartered in Oak Brook, IL,
the company will be added to the S&P SmallCap 600 GICS Retail
REITs Sub-Industry index.
Brandywine Realty Trust is an integrated REIT with a focus on
Philadelphia, Washington, D.C. and Austin markets. Headquartered in Philadelphia, PA, the company will be added to
the S&P SmallCap 600 GICS Office REITs Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – June 30, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
TopBuild
|
Consumer
Discretionary
|
Homebuilding
|
|
DELETED
|
Tech Data
|
Information
Technology
|
Technology
Distributors
|
|
|
S&P SMALLCAP
600 INDEX – June 30, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Retail Properties of
America
|
Real
Estate
|
Retail
REITs
|
|
Brandywine Realty
Trust
|
Real
Estate
|
Office
REITs
|
|
DELETED
|
TopBuild
|
Consumer
Discretionary
|
Homebuilding
|
|
Briggs &
Stratton
|
Industrials
|
Industrial
Machinery
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES
INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define the way investors
measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones
Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original
content:http://www.prnewswire.com/news-releases/topbuild-set-to-join-sp-midcap-400-retail-properties-of-america-and-brandywine-realty-trust-to-join-sp-smallcap-600-301083282.html
SOURCE S&P Dow Jones Indices