NEW YORK, Oct. 24, 2016 /PRNewswire/ -- Quality Care
Properties Inc. (NYSE: QCP) will replace Guess? Inc. (NYSE: GES) in
the S&P MidCap 400 and Guess? will replace Harte-Hanks Inc.
(NYSE:HHS) in the S&P SmallCap 600 after the close of trading
on Tuesday, November 1. S&P 500
constituent HCP Inc. (NYSE: HCP) is spinning off Quality Care
Properties in a transaction expected to be completed after the
close of trading on Monday, October
31. Post spin-off, HCP will remain in the S&P 500.
Guess? is ranked near the bottom of the S&P MidCap 400 and has
a market capitalization more representative of the small-cap market
space. Harte-Hanks is ranked near the bottom of the S&P
SmallCap and is no longer representative of the small-cap market
space.
S&P 500 constituent Yum! Brands Inc. (NYSE:YUM) is spinning
off Yum China Holdings Inc. (NYSE: YUMC) in a transaction expected
to be completed after the close of trading on Monday, October 31. Yum China Holdings is
considered to be domiciled in China for index purposes, and will therefore
be ineligible for inclusion in the S&P 500. Post spin-off, Yum!
Brands will remain in the S&P 500.
S&P 500 constituent Alcoa Inc (NYSE: AA) is spinning off
"new" Alcoa Corp. (NYSE: AA) in a transaction expected to be
completed after the close of trading on Monday, October 31. Following the spin-off, Alcoa
will have a name change to Arconic Inc., a symbol change to ARNC,
and a Global Industry Classification Standard (GICS) sub industry
change to Aerospace & Defense. It will remain in the S&P
500 post spin-off. The spin-off company "new" Alcoa will not be
added to the S&P Composite 1500.
S&P 500 constituent Johnson Controls International plc
(NYSE: JCI) is spinning off Adient plc (NYSE: ADNT) in a
transaction expected to be completed after the close of trading on
Friday, Oct 28. Following the
spin-off, Johnson Controls International will have a GICS
sub-industry change to Building Products. Johnson Controls will
remain in the S&P 500 post spin-off. The spin-off company
Adient will not be added to the S&P Composite 1500.
Quality Care Properties, a real estate investment trust, invests
in properties serving the healthcare industry. Headquartered in
Irvine, CA, the company will be
added to the S&P MidCap 400 GICS Health Care REITs Sub-Industry
index.
Guess? designs, markets, distributes, and licenses lifestyle
collections of contemporary apparel and accessories. Headquartered
in Los Angeles, CA, the company
will be added to the S&P SmallCap 600 GICS Apparel Retail
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – November 1, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Quality Care
Properties
|
Equity Real
Estate Investment Trusts
|
Health Care
REITs
|
DELETED
|
Guess?
|
Consumer
Discretionary
|
Apparel
Retail
|
S&P SMALLCAP
600 INDEX – November 1, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Guess?
|
Consumer
Discretionary
|
Apparel
Retail
|
DELETED
|
Harte-Hanks
|
Consumer
Discretionary
|
Advertising
|
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