Press Releases
NEW YORK, Oct. 4, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P 500 and S&P SmallCap 600 indices:
- Norwegian Cruise Line Holdings Ltd. (NASD: NCLH) will replace Level 3 Communications Inc. (NYSE: LVLT) in the S&P 500 effective before the open of trading on Friday, October 13. S&P 500 constituent CenturyLink Inc. (NYSE: CTL) is acquiring Level 3 Communications in a deal expected to be completed on or about that date pending final approvals. Post acquisition, CenturyLink will change its Global Industry Classification Standard (GICS) Sub-Industry group from Integrated Telecommunication Services to Alternative Carriers.
- Pacific Premier Bancorp Inc. (NASD: PPBI) will replace Parkway Inc. (NYSE: PKY) in the S&P SmallCap 600 effective before the open of trading on Thursday, October 12. Canada Pension Investment Board is acquiring Parkway in a deal expected to be completed on or about that date pending final approvals.
Norwegian Cruise Line Holdings operates as a cruise company. Headquartered in Miami, FL, the company will be added to the S&P 500 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.
Pacific Premier Bancorp provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
|
S&P SMALLCAP 600 INDEX – OCTOBER 12, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Pacific Premier |
Financials |
Regional Banks |
|
DELETED |
Parkway |
Real Estate |
Office REITs |
|
S&P 500 INDEX – OCTOBER 13, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Norwegian |
Consumer Discretionary |
Hotels, Resorts & Cruise |
|
DELETED |
Level 3 |
Telecommunication Services |
Alternative Carriers |
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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define 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:
S&P Dow Jones Indices
index_services@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com
Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com
SOURCE S&P Dow Jones Indices