RPB Republic Property Tr

NEW YORK, June 25 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P REIT Composite indices: -- The Bank of New York Mellon Corp. (NYSE:BK) (new) will replace Computer Sciences Corp. (NYSE:CSC) in the S&P 100 and The Bank of New York Company Inc. (NYSE:BK) (old) in the S&P 500, and S&P REIT Composite constituent General Growth Properties Inc. (NYSE:GGP) will replace Mellon Financial Corp. (NYSE:MEL) in the S&P 500 after the close of trading on Friday, June 29. The Bank of New York Company and Mellon Financial are merging to create The Bank of New York Mellon Corp. in a deal expected to close before the open of trading on July 2. -- First Community Bancorp (NASDAQ:FCBP) will replace Investors Financial Services Corp. (NASDAQ:IFIN) in the S&P MidCap 400 after the close of trading on a date to be announced. Investors Financial is being acquired by S&P 500 constituent State Street Corp. (NYSE:STT) in a deal that is still pending final approvals. -- Supertel Hospitality Inc. (NASDAQ:SPPR) will replace Winston Hotels Inc. (NYSE:WXH) in the S&P REIT Composite after the close of trading on Friday, June 29. Winston Hotels is being acquired by Inland American Real Estate Trust Inc. in a deal expected to close on or about that date. -- Republic Property Trust (NYSE:RPB) will replace Innkeepers USA Trust (NYSE:KPA) in the S&P REIT Composite after the close of trading on Friday, June 29. Innkeepers is being acquired by Apollo Investment Corp. in a deal expected to close on or about that date. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. The Bank of New York Mellon Corp provides asset management and securities services. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Asset Management & Custody Banks Sub-Industry index. General Growth Properties is a REIT that operates, develops, and manages retail and other rental properties and develops and sells land for residential and commercial uses. Headquartered in Chicago, IL, the company will be added to the S&P 500 GICS Retail REITs Sub-Industry index. First Community Bancorp provides banking services in the United States. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index. Supertel Hospitality is a REIT that engages in the ownership and acquisition of limited-service hotels in the United States. Headquartered in Norfolk, NE, the company will be added to the S&P REIT Composite GICS Specialized REITs sub-industry. Republic Property is a REIT owns, operates, acquires, and develops office properties in the Washington, D.C. metropolitan, and Greater Washington, D.C., market. Headquartered in Herndon, VA, the company will be added to the S&P REIT Composite GICS Office REITs sub-industry. Following is a summary of the changes: S&P 100 INDEX - June 29, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED The Bank of New York Financials Asset Management & Mellon Corp. Custody Banks DELETED Computer Sciences Information Data Processing & Technology Outsourced Services S&P 500 INDEX - June 29, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED The Bank of New York Financials Asset Management & Mellon Corp. Custody Banks General Growth Financials Retail REITs Properties DELETED The Bank of New Financials Asset Management & York Company Custody Banks Mellon Financial Financials Asset Management & Custody Banks S&P MIDCAP 400 INDEX - To Be Announced COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED First Community Financials Regional Banks Bancorp DELETED Investors Financials Asset Management & Financial Services Custody Banks S&P REIT COMPOSITE - June 29, 2007 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Supertel Hospitality Financials Specialized REITs Republic Property Financials Office REITs Trust DELETED Winston Hotels Financials Specialized REITs Innkeepers USA Financials Specialized REITs Trust 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 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 7,500 employees, including wholly-owned affiliates, located in 21 countries, 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/. About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.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/ http://www.mcgraw-hill.com/

Copyright