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NEW YORK, March 28, 2023 /PRNewswire/ -- N-able Inc. (NYSE: NABL) will replace iStar Inc. (NYSE: STAR) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 3. S&P SmallCap 600 constituent Safehold Inc. (NYSE: SAFE) is acquiring iStar effective prior to the opening of trading on Friday, March 31. Immediately prior to its acquisition by Safehold, iStar will distribute shares in Star Holdings (NASD:STHO). Star Holdings is not eligible for the S&P SmallCap 600 following the spin-off transaction as it is not representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
March 31, 2023 | S&P SmallCap 600 | Addition | Star Holdings | STHO | Real Estate |
April 3, 2023 | S&P SmallCap 600 | Addition | N-able | NABL | Information Technology |
S&P SmallCap 600 | Deletion | iStar | STAR | Real Estate | |
S&P SmallCap 600 | Deletion | Star Holdings | STHO | Real Estate |
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