Press Releases
NEW YORK, Aug. 7, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent CoreSite Realty Corp. (NYSE: COR) will replace NeuStar Inc. (NYSE:NSR) in the S&P MidCap 400, and Vonage Holdings Corp. (NYSE:VG) will replace CoreSite Realty in the S&P SmallCap 600 effective prior to the open on Thursday, August 10. NeuStar is being acquired by a private investment group led by Golden Gate Capital in a deal expected to be completed tomorrow pending final closing conditions.
CoreSite Realty, a real estate investment trust (REIT), engages in the ownership, acquisition, construction, and management of data centers. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Vonage Holdings provides communications services. Headquartered in Holmdel, NJ, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – August 10, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
CoreSite Realty |
Real Estate |
Specialized REITs |
|
DELETED |
NeuStar |
Information Technology |
Data Processing & Outsourced Services |
|
S&P SMALLCAP 600 INDEX – August 10, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Vonage |
Telecommunication Services |
Alternative Carriers |
|
DELETED |
CoreSite Realty |
Real Estate |
Specialized REITs |
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