Press Releases
NEW YORK, Oct. 21, 2015 /PRNewswire/ -- S&P SmallCap 600 constituent Post Properties Inc. (NYSE: PPS) will replace HCC Insurance Holdings Inc. (NYSE: HCC) in the S&P MidCap 400, and U.S. Physical Therapy Inc. (NYSE: USPH) will replace Post Properties in the S&P SmallCap 600 after the close of trading on Tuesday, October 27. Tokio Marine Holdings is acquiring HCC Insurance Holdings in a cash deal expected to be completed on or about that date, pending final conditions.
Post Properties, a real estate investment trust (REIT), develops, owns, and manages multi-family apartment communities. Headquartered in Atlanta, GA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Residential REITs Sub-Industry index.
U.S. Physical Therapy operates outpatient physical therapy clinics. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Health Care Facilities Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – October 27, 2015 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Post Properties |
Financials |
Residential REITs |
|
DELETED |
HCC Insurance Holdings |
Financials |
Multi-line Insurance |
|
S&P SMALLCAP 600 INDEX – October 27, 2015 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
U.S. Physical Therapy |
Health Care |
Health Care Facilities |
|
DELETED |
Post Properties |
Financials |
Residential REITs |
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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