CareTrust REIT Set to Join S&P SmallCap 600

NEW YORK, May 27, 2014 /PRNewswire/ -- CareTrust REIT Inc. (NASD: CTREV) will replace Tower Group International, Ltd (NASD: TWGP) in the S&P SmallCap 600 effective after the close of trading on Monday, June 2. S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) is spinning off CareTrust REIT to shareholders in a transaction expected to be completed after the close of trading on that date. Post spin, The Ensign Group will remain in the S&P SmallCap 600. Tower Group is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of that index.

CareTrust REIT, operating as a Real Estate Investment Trust (REIT), is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. Headquartered in Mission Viejo, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care REITs Sub-Industry index.

Following is a summary of the change:

Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(212) 438 3907
[email protected] 

David R. Guarino
Communications
S&P Dow Jones Indices
(212) 438 1471
[email protected]

SOURCE S&P Dow Jones Indices

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED