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

Jun 23, 2010, 18:18 ET from Standard & Poor's

NEW YORK, June 23 /PRNewswire/ -- S&P will make the following changes to the S&P 500, S&P MidCap 400 & S&P SmallCap 600 indices after the close of trading on Wednesday, June 30, 2010:

QEP Resources Inc. (NYSE: QEPwi) will replace Questar Corp. (NYSE: STR) in the S&P 500 index. Questar is spinning off QEP Resources to its shareholders in a transaction expected to be completed on or about that date. The post-spin parent company, Questar Resources (NYSE: STRwi), will replace Federal Signal Corp. (NYSE: FSS) in the S&P MidCap 400 index, and Federal Signal will replace Magnetek Inc. (NYSE: MAG) in the S&P SmallCap 600 index. Federal Signal has a market capitalization of less than $380 million, making it more representative of the small cap space. Magnetek has a market capitalization of less than $42 million, ranking it 600th in the S&P Small Cap 600 index.

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

QEP Resources is an exploration and production company. Headquartered in Denver, CO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry index.  

Questar is a natural gas focused energy company. Headquartered in Salt Lake City, UT, the company will be added to the S&P MidCap 400 GICS Gas Utilities Sub-Industry index.  

Federal Signal designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers. Headquartered in Oak Brook, IL, the company will be added to the S&P SmallCap 600 GICS Construction & Farm Machinery & Heavy Trucks Sub-Industry index.

Following is a summary of the changes:

S&P  500 INDEX  – June 30, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

QEP Resources

Energy

Oil & Gas Exploration & Production

DELETED

Questar

Utilities

Gas Utilities

S&P  MIDCAP 400 INDEX  –  June 30, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Questar

Utilities

Gas Utilities

DELETED

Federal Signal

Industrials

Construction & Farm Machinery & Heavy Trucks

S&P  SMALLCAP 600 INDEX  – June 30, 2010

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Federal Signal

Industrials

Construction & Farm Machinery & Heavy Trucks

DELETED

Magnetek

Industrials

Electrical Components & Equipment

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. 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 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 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.

SOURCE Standard & Poor's



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