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Standard & Poor's Announces Change to U.S. Index
NEW YORK, Nov. 9 /PRNewswire/ -- UCBH Holdings Inc. (Nasdaq: UCBH) will be deleted from the S&P SmallCap 600 after the close of trading on Tuesday, November 10. The company's main subsidiary has been placed into Federal Deposit Insurance Corporation receivership.
UCBH's place in the S&P SmallCap 600 will be taken by Lumber Liquidators Inc. (NYSE: LL) effective after the close of trading on Monday, November 16. The S&P SmallCap 600 will trade with 599 stocks until that time.
Standard & Poor's will monitor this action, and post any relevant updates on its website: www.standardandpoors.com.
Lumber Liquidators is a specialty retailer of hardwood flooring. Headquartered in Toano, VA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Home Improvement Retail Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - NOVEMBER 10, 2009
-------------------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
--------- ----------------------- -----------------
DELETED UCBH Financials Regional Banks
Holdings
-------- --------- ----------------------- -----------------
S&P SMALLCAP 600 INDEX - NOVEMBER 16, 2009
--------------------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
---------- ----------------------- -----------------
ADDED Lumber Consumer Discretionary Home Improvement
Liquidators Retail
------ ----------- ----------------------- ----------------
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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SOURCE Standard & Poor's
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