S&P Indices Announces Changes to U.S. Indices

NEW YORK, April 23, 2012 /PRNewswire/ -- Phillips 66 (NYSE: PSXwi) will replace SUPERVALU, Inc. (NYSE: SVU) in the S&P 500 index, SUPERVALU will replace American Greetings Corp. (NYSE: AM) in the S&P MidCap 400 index, and American Greetings will replace The Standard Register Co. (NYSE: SR) in the S&P SmallCap 600 index after the close of trading on Monday, April 30. S&P 100 & 500 constituent ConocoPhillips Inc. (NYSE: COP) is spinning off Phillips 66 in a transaction expected to be completed on or about that date, pending final approvals. The ConocoPhillips stub will remain in the S&P 500 index following completion of the transaction. SUPERVALU's market cap is below $1.4 billion, making it more representative of the mid cap market space. American Greeting's market cap is below $600 million, making it more representative of the small cap market space. The Standard Register is ranked # 600 in the SmallCap 600 index.

Phillips 66 engages in the refining, marketing, midstream and chemicals businesses. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.

SUPERVALU operates retail and wholesale food stores.  Headquartered in Eden Prairie, MN, the company will be added to the S&P MidCap 400 GICS Food Retail Sub-Industry index.

American Greetings engages in the design, manufacture, and sale of greeting cards and other social expression products.  Headquartered in Cleveland, OH, the company will be added to the S&P SmallCap 600 GICS Housewares & Specialties Sub-Industry index

Following is a summary of the changes:

About S&P Indices

S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our 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.

It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.

For more information:
Dave Guarino
Communications
S&P Indices
[email protected]
212-438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Indices
[email protected]
212-438-3908

SOURCE S&P Indices

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