Standard & Poor's Announces Changes to U.S. Index

Dec 13, 2010, 18:34 ET from Standard & Poor's

NEW YORK, Dec. 13, 2010 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 index:

  • The Great Atlantic & Pacific Tea Company Inc. (NYSE: GAP) will be removed from the S&P SmallCap 600 index after the close of trading on Tuesday, December 14. The company has filed for Chapter 11 bankruptcy protection.

Great Atlantic & Pacific Tea Company's place in the S&P SmallCap 600 will be taken by Saul Centers Inc. (NYSE: BFS) after the close of trading on Friday, December 17. The index will trade with 599 constituents until that time.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Saul Centers is a REIT that operates and manages shopping center and office properties. Headquartered in Bethesda, MD, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – December 14, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

DELETED

Great Atlantic & Pacific Tea Company

Consumer Staples

Food Retail

S&P SMALLCAP 600 INDEX – December 17, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Saul Centers

Financials

Retail REITs

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About S&P Indices

S&P Indices, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. Over $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

About McGraw-Hill Financial

McGraw-Hill Financial, a part of The McGraw-Hill Companies (NYSE: MHP), is a leading provider of research and analytical tools for investment advisors, wealth managers and institutional investors. It deploys the latest innovative technology strategies to deliver to customers a portfolio of cross-asset analytics, integrated desktop services, valuation and index benchmarks and investment recommendations in the rapidly growing $16 billion financial information, data and analytics market.

David M. Blitzer, Ph.D.

Managing Director & Chairman of the Index Committee

(212) 438-3907

SOURCE Standard & Poor's



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