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Tanger Factory Outlet Centers Set to Join the S&P MidCap 400; American Equity Investment Life, AngioDynamics to Join the S&P SmallCap 600

NEW YORK, Oct. 10, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P SmallCap 600 constituent Tanger Factory Outlet Centers Inc. (NYSE:SKT) will replace URS Corp. (NYSE:URS) in the S&P MidCap 400, and  American Equity Investment Life Holding Co. (NYSE:AEL) will replace Tanger Factory Outlet Centers  in the S&P SmallCap 600 after the close of trading on Friday, October 17. S&P MidCap 400 constituent AECOM Technology Corp. (NYSE:ACM) is acquiring URS in a deal expected to be completed on or about that date pending final approvals.
  • AngioDynamics Inc. (NASD:ANGO) will replace Annie's Inc. (NYSE:BNNY) in the S&P SmallCap 600 after the close of trading on Monday, October 20. S&P 500 constituent General Mills Inc. (NYSE: GIS) is acquiring Annie's in a deal expected to be completed soon.

Tanger Factory Outlet Centers is a real estate investment trust that develops, acquires and manages outlet shopping centers. Headquartered in Greensboro, NC, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.

American Equity Investment Life Holding Company underwrites fixed annuities. Headquartered in West Des Moines, IA, the company will be added to the S&P SmallCap 600 GICS Life & Health Insurance Sub-Industry index.

AngioDynamics designs, manufactures, and sells medical, surgical, and diagnostic devices. Headquartered in Latham, NY, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – October 17, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Tanger Factory Outlet Centers

Financials

Retail REITs

DELETED

URS

Industrials

Construction & Engineering

 

S&P SMALLCAP 600 INDEX – October 17, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

American Equity Investment Life Holding

Financials

Life & Health Insurance

DELETED

Tanger Factory Outlet Centers

Financials

Retail REITs

 

S&P SMALLCAP 600 INDEX – October 20, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

AngioDynamics

Health Care

Health Care Equipment

DELETED

Annie's

Consumer Staples

Packaged Foods & Meats

 

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: 
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com 
(212) 438-3907

 

SOURCE S&P Dow Jones Indices

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