Press Releases
NEW YORK, June 26, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Blackbaud Inc. (NASD: BLKB) will replace CST Brands Inc. (NYSE: CST) in the S&P MidCap 400, and National Storage Affiliates Trust (NYSE: NSA) will replace Blackbaud in the S&P SmallCap 600 effective prior to the open on Thursday, June 29. Alimentation Couche-Tard Inc. is acquiring CST Brands in a deal expected to be completed soon pending final closing conditions.
Blackbaud provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities. Headquartered in Charleston, SC, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
National Storage Affiliates, a real estate investment trust (REIT), engages in ownership, operation, and acquisition of self-storage facilities. Headquartered in Greenwood Village, CO, the company will be added to the S&P SmallCap 600 GICS Specialized REITs Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – June 29, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Blackbaud |
Information Technology |
Application Software |
|
DELETED |
CST Brands |
Consumer Discretionary |
Automotive Retail |
|
S&P SMALLCAP 600 INDEX – June 29, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
National Storage |
Real Estate |
Specialized REIT's |
|
DELETED |
Blackbaud |
Information Technology |
Application Software |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
SOURCE S&P Dow Jones Indices