NEW YORK, June 19, 2013 /PRNewswire/ -- S&P Dow Jones Indices is updating the market cap guidelines for its U.S. indices. Effective today, the new guidelines are:

• S&P 500-- $4.6 billion or greater (previous range was $ 4.0 billion or greater)
• S&P MidCap 400-- $1.2 billion to $5.1 billion (previous range was $1.0 billion to $4.4 billion)
• S&P SmallCap 600-- $350 million to $1.6 billion (previous range was $300 million to $1.4 billion)

"Given the market's advance since the recession low in March 2009, and especially over the last two years, the new cap ranges provide a better division among the three leading US equity benchmarks: the S&P 500, S&P MidCap 400 and S&P Small Cap 600," says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. "As always, the Index Committee will continue to monitor these ranges and developments within the indices." The guidelines refer to a company's total market capitalization, not its float-adjusted market cap.

S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:

• CalAmp Corp. (NASD: CAMP) will replace Palomar Medical Technologies Inc. (NASD: PMTI) after the close of trading on Monday, June 24. S&P SmallCap 600 constituent Cynosure Inc. (NASD: CYNO) is acquiring Palomar Medical Technologies in a deal expected to be completed on or about that date pending final approvals.
• Associated Estates Realty Corp. (NYSE: AEC) will replace Websense Inc. (NASD: WBSN) after the close of trading on Tuesday, June 25. Private equity firm Vista Equity Partners is acquiring Websense in a deal expected to be completed soon pending final approvals.
• WageWorks Inc. (NYSE: WAGE) will replace National Financial Partners Corp. (NYSE: NFP) after the close of trading on Tuesday, June 25. Private equity firm Madison Dearborn Partners is acquiring National Financial Partners in a deal expected to be completed on or about that date pending final approvals.

CalAmp Corp. develops and markets wireless communications solutions. Headquartered in Oxnard, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Communications Equipment Sub-Industry index.

Associated Estates Realty is a residential Real Estate Investment Trust (REIT). Headquartered in
Richmond Heights, OH, the company will be added to the S&P SmallCap 600 GICS Residential REITs Sub-Industry index.

WageWorks operates as an on-demand provider of tax-advantaged programs for consumer-directed health, and commuter and other employee spending account benefits. Headquartered in San Mateo,

CA, the company will be added to the S&P SmallCap 600 GICS Human Resources & Employment Services 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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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