NEW YORK, Jan. 8, 2015 /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 Stifel Financial Corp. (NYSE: SF) will replace International Rectifier Corp. (NYSE: IRF) in the S&P MidCap 400, and Select Medical Holdings Corp. (NYSE: SEM) will replace Stifel Financial in the S&P SmallCap 600 after the close of trading on Tuesday, January 13. Infineon Technologies AG is acquiring International Rectifier in a transaction expected to be completed on or about that date.
• Urban Edge Properties (NYSE: UEwi) will replace Astoria Financial Corp. (NYSE: AF) in the S&P MidCap 400, and Astoria Financial will replace NTELOS Holdings Corp. (NASD: NTLS) in the S&P SmallCap 600 after the close of trading on Thursday, January 15. S&P 500 constituent Vornado Realty Trust (NYSE: VNO) is spinning off Urban Edge Properties in a transaction expected to be completed on that date. Vornado Realty Trust will remain in the S&P 500 following the distribution. Astoria Financial's market capitalization is below $1.3 billion, making it more representative of the small cap market space. NTELOS is ranked # 600 in the S&P SmallCap 600.

Stifel Financial provides retail and institutional brokerage, and investment banking services. Headquartered in St. Louis, MO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Investment Banking & Brokerage Sub-Industry index.

Select Medical Holdings operates specialty hospitals and outpatient rehabilitation clinics. Headquartered in Mechanicsburg, PA, the company will be added to the S&P SmallCap 600 GICS Health Care Facilities Sub-Industry index.

Urban Edge Properties, operating as a Real Estate Investment Trust (REIT), owns and operates strip shopping centers and malls. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Retail REITs Sub-Industry index.

Astoria Financial provides various financial products and services. Headquartered in Lake Success, NY, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance 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:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
david.blitzer@spdji.com 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices