NEW YORK, Dec. 5, 2011 /PRNewswire/ -- S&P SmallCap 600 constituent National Retail Properties Inc. (NYSE: NNN) will replace Pharmaceutical Product Development Inc. (NASD: PPDI) in the S&P MidCap 400 index, and Higher One Holdings Inc. (NYSE: ONE) will replace National Retail Properties in the S&P SmallCap 600 index after the close of trading on Wednesday, December 7. Pharmaceutical Product Development is being acquired by affiliates of The Carlyle Group and Hellman & Friedman in a deal that closed today.
S&P Indices will post any relevant updates on its website: www.standardandpoors.com.
National Retail Properties is a publicly owned equity real estate investment trust that acquires, owns, manages, and develops retail properties. Headquartered in Orlando, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.
Higher One Holdings provides technology and payment services to the higher education industry. Headquartered in New Haven, CT, the company will be added to the S&P SmallCap 600 GICS Data Processing & Outsourced Services Sub-Industry index.
Following is a summary of the changes:
| S&P MIDCAP 400 INDEX – December 7, 2011 |
|||
|
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
| ADDED |
National Retail Properties |
Financials |
Retail REITs |
| DELETED |
Pharmaceutical Product Development |
Health Care |
Life Sciences Tools & Services |
| S&P SMALLCAP 600 INDEX – December 7, 2011 |
|||
|
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
| ADDED |
Higher One Holdings |
Information Technology |
Data Processing & Outsourced Services |
| DELETED |
National Retail Properties |
Financials |
Retail REITs |
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
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 $1.25 trillion is directly indexed to Standard & Poor's family of 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.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE S&P Indices
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article