PBF Energy Set to Join S&P MidCap 400; Apollo Commercial Real Estate Finance and Waddell & Reed Financial to Join S&P SmallCap 600

NEW YORK, April 25, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open on Friday, April 28:

  • PBF Energy Inc. (NYSE: PBF) will replace Waddell & Reed Financial Inc. (NYSE: WDR) in the S&P MidCap 400, and Waddell & Reed Financial will replace Stillwater Mining Co. (NYSE: SWC) in the S&P SmallCap 600. Sibanye Gold Limited (NYSE: SBGL) is acquiring Stillwater Mining in a deal expected to be completed soon pending final conditions.
  • Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) will replace ZELTIQ Aesthetics Inc. (NASD: ZLTQ) in the S&P SmallCap 600. S&P 100 and 500 constituent Allergan plc (NYSE: AGN) is acquiring ZELTIQ Aesthetics in a deal expected to be completed on April 27 pending final conditions.

PBF Energy engages in the refining and supply of petroleum products. Headquartered in Parsippany, NJ, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Refining & Marketing Sub-Industry index.

Waddell & Reed Financial provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration. Headquartered in Overland Park, KS, the company will be added to the S&P SmallCap 600 GICS Asset Management & Custody Banks Sub-Industry index.

Apollo Commercial Real Estate Finance operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial mortgage loans, subordinate financings, commercial mortgage-backed securities, and other commercial real estate-related debt investments. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Mortgage REITS Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – APRIL 28, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PBF Energy

Energy

Oil & Gas Refining & Marketing

DELETED

Waddell & Reed Financial

Financials

Asset Management & Custody Banks

 

S&P SMALLCAP 600 INDEX – APRIL 28, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Apollo Commercial Real Estate Finance

Financials

Mortgage REITs


Waddell & Reed Financial

Financials

Asset Management & Custody Banks

DELETED

Stillwater Mining

Materials

Precious Metals & Minerals


ZELTIQ Aesthetics

Health Care

Health Care Equipment

 

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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