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Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30:

  • Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE: BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.

  • WP Carey Inc. (NYSE: WPC) will replace Worthington Industries Inc. (NYSE: WOR) in the S&P MidCap 400. Worthington Industries will replace Avantax, Inc. (NASD: AVTA) in the S&P SmallCap 600. Aretec Group, Inc. is acquiring Avantax in a deal expected to be completed soon pending final closing conditions.  Worthington Industries is more appropriate for the S&P SmallCap 600 with an anticipated spin-off transaction expected to be completed in early December.

  • Clearway Energy Inc. (NYSE: CWEN, CWEN.A) will replace Veritiv Corporation (NYSE: VRTV) in the S&P SmallCap 600. Clayton, Dubilier & Rice, LLC is to acquire Veritiv Corporation in a deal expected to be completed soon, pending final closing conditions.

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

November 30, 2023

S&P MidCap 400

Addition

Carlyle Group

CG

Financials


S&P MidCap 400

Deletion

ICU Medical

ICUI

Health Care


S&P MidCap 400

Addition

WP Carey

WPC

Real Estate


S&P MidCap 400

Deletion

Worthington Industries

WOR

Materials


S&P SmallCap 600

Addition

Clearway Energy

CWEN;
CWEN.a

Utilities


S&P SmallCap 600

Deletion

Veritiv

VRTV

Industrials


S&P SmallCap 600

Addition

Worthington Industries

WOR

Materials


S&P SmallCap 600

Deletion

Avantax,

AVTA

Financials


S&P SmallCap 600

Addition

ICU Medical

ICUI

Health Care


S&P SmallCap 600

Deletion

PacWest Bancorp

PACW

Financials

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