CoreSite Realty Set to Join S&P MidCap 400; Vonage to Join S&P SmallCap 600
NEW YORK, Aug. 7, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent CoreSite Realty Corp. (NYSE: COR) will replace NeuStar Inc. (NYSE:NSR) in the S&P MidCap 400, and Vonage Holdings Corp. (NYSE:VG) will replace CoreSite Realty in the S&P SmallCap 600 effective prior to the open on Thursday, August 10. NeuStar is being acquired by a private investment group led by Golden Gate Capital in a deal expected to be completed tomorrow pending final closing conditions.
CoreSite Realty, a real estate investment trust (REIT), engages in the ownership, acquisition, construction, and management of data centers. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Vonage Holdings provides communications services. Headquartered in Holmdel, NJ, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – August 10, 2017 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
CoreSite Realty |
Real Estate |
Specialized REITs |
DELETED |
NeuStar |
Information Technology |
Data Processing & Outsourced Services |
S&P SMALLCAP 600 INDEX – August 10, 2017 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Vonage |
Telecommunication Services |
Alternative Carriers |
DELETED |
CoreSite Realty |
Real Estate |
Specialized REITs |
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
[email protected]
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
SOURCE S&P Dow Jones Indices
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