NEW YORK, Oct. 3, 2016 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Cousins Properties Inc.
(NYSE:CUZ) will replace Community Health Systems, Inc. (NYSE:CYH)
in the S&P MidCap 400, Community Health Systems will replace
Cousins Properties, and Ollie's Bargain Outlet Holdings, Inc.
(NASD:OLLI) will replace Parkway Properties Inc. (NYSE:PKY) in the
S&P SmallCap 600 after the close on Wednesday, October 5. Cousin Properties is
acquiring Parkway Properties in a deal expected to be completed
soon pending final conditions. Cousins Properties will have GICS
change to Office REITs following the merger. Community Health
Systems is ranked near the bottom of the S&P MidCap 400 and has
a market capitalization more representative of the small-cap market
space.
- Parkway Inc (NYSE: PKY) will replace VOXX International Corp
(NASD: VOXX) in the S&P SmallCap 600 after the close on
Friday, October 7. Newly added
S&P MidCap 400 constituent Cousins Properties Inc. is spinning
off Parkway Inc. in a transaction that is expected to be completed
by Thursday, October 6 pending final
conditions. Cousins Properties will remain in the S&P MidCap
400 post spin off. Voxx International is ranked near the bottom of
the S&P SmallCap 600 and is no longer representative of the
small-cap market space.
Cousins Properties, a real estate investment trust (REIT), owns,
develops, and manages real estate portfolio. Headquartered in
Atlanta, GA, the company will be
added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Office REITs Sub-Industry index.
Community Health Systems owns, leases, and operates general
acute care hospitals. Headquartered in Franklin, TN, the company will be added to the
S&P SmallCap 600 GICS Healthcare Facilities Sub-Industry
index.
Ollie's Bargain Outlet Holdings operates as a merchandise
retailer of various brand name products. Headquartered in
Harrisburg, PA, the Company will
be added to the S&P SmallCap 600 GICS General Merchandise
Stores Sub-Industry index.
Parkway a real estate investment trust (REIT), owns, develops,
and manages real estate portfolio. Headquartered in Orlando, FL, 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 – October 5, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Cousins
Properties
|
Real
Estate
|
Office
REITs
|
DELETED
|
Community Health
Systems
|
Healthcare
|
Healthcare
Facilities
|
|
S&P SMALLCAP
600 INDEX – October 5, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Community Health
Systems
|
Healthcare
|
Healthcare
Facilities
|
|
Ollie's Bargain
Outlet Holdings
|
Consumer
Discretionary
|
General Merchandise
Stores
|
DELETED
|
Cousins
Properties
|
Real
Estate
|
Diversified
REITs
|
|
Parkway
Properties
|
Real
Estate
|
Office
REITs
|
|
S&P SMALLCAP
600 INDEX – October 7, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Parkway
|
Real
Estate
|
Office
REITs
|
DELETED
|
Voxx
International
|
Consumer
Discretionary
|
Distributors
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cousins-properties-to-join-sp-midcap-400-community-health-systems-ollies-bargain-outlet-and-parkway-to-join-sp-smallcap-600-300338397.html
SOURCE S&P Dow Jones Indices