Sovran Self Storage Set to Join the S&P MidCap 400; ePlus to be Added to S&P SmallCap 600
NEW YORK, Aug. 19, 2015 /PRNewswire/ -- S&P SmallCap 600 constituent Sovran Self Storage Inc. (NYSE:SSS) will replace Ann Inc. (NYSE:ANN) in the S&P MidCap 400, and ePlus Inc. (NASD:PLUS) will replace Sovran Self Storage in the S&P SmallCap 600 after the close of trading on Friday, August 21. S&P MidCap 400 constituent Ascena Retail Group Inc. (NASD:ASNA) is acquiring Ann in a deal expected to be completed on or about that date.
Sovran Self Storage, a real estate investment trust (REIT), engages in the acquisition, ownership, and management of self-storage properties. Headquartered in Williamsville, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
ePlus provides information technology products and services. Headquartered in Herndon, VA, the company will be added to the S&P SmallCap 600 GICS Application Software Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – August 21, 2015 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Sovran Self Storage |
Financials |
Specialized REITs |
DELETED |
Ann |
Consumer Discretionary |
Apparel Retail |
S&P SMALLCAP 600 INDEX – August 21, 2015 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
ePlus |
Information Technology |
Application Software |
DELETED |
Sovran Self Storage |
Financials |
Specialized REITs |
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.
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(+1) 212 438 1471
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SOURCE S&P Dow Jones Indices
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