Synchrony Financial Set to Join the S&P 500; Genworth Financial to Join S&P MidCap 400; Rovi to Join S&P SmallCap 600

NEW YORK, Nov. 9, 2015 /PRNewswire/ -- Synchrony Financial (NYSE: SYFwi) will replace Genworth Financial Inc. (NYSE: GNW) in the S&P 500, Genworth Financial will replace Rovi Corp. (NASD: ROVI) in the S&P MidCap 400, and Rovi will replace Penn Virginia Corp. (NYSE: PVA) in the S&P SmallCap 600 after the close of trading on Tuesday, November 17. S&P 100 & 500 constituent General Electric Co. (NYSE: GE) is splitting off its approximately 85% holding in Synchrony Financial in an exchange offer expected to be completed soon, pending final conditions.  Post split-off, General Electric will remain in the S&P 100 and 500 indices. Genworth Financial's total market capitalization is more representative of the mid cap market space, and Rovi's total market capitalization is more representative of the small cap market space. Penn Virginia is ranked at the bottom of the S&P SmallCap 600.

Synchrony Financial operates as a consumer financial services company. Headquartered in Stamford, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Finance Sub-Industry index.

Genworth Financial provides insurance, retirement, and homeownership solutions. Headquartered in Richmond, VA, the company will be added to the S&P MidCap 400 GICS Multi-line Insurance Sub-Industry index.

Rovi provides integrated solutions for the discovery and personalization of digital entertainment. Headquartered in Santa Clara, CA, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.

Following is a summary of the changes:

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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