Stifel Financial and Urban Edge Properties Set to Join the S&P MidCap 400; Select Medical Holdings and Astoria Financial to Join the S&P SmallCap 600

NEW YORK, Jan. 8, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

• S&P SmallCap 600 constituent Stifel Financial Corp. (NYSE: SF) will replace International Rectifier Corp. (NYSE: IRF) in the S&P MidCap 400, and Select Medical Holdings Corp. (NYSE: SEM) will replace Stifel Financial in the S&P SmallCap 600 after the close of trading on Tuesday, January 13. Infineon Technologies AG is acquiring International Rectifier in a transaction expected to be completed on or about that date.
• Urban Edge Properties (NYSE: UEwi) will replace Astoria Financial Corp. (NYSE: AF) in the S&P MidCap 400, and Astoria Financial will replace NTELOS Holdings Corp. (NASD: NTLS) in the S&P SmallCap 600 after the close of trading on Thursday, January 15. S&P 500 constituent Vornado Realty Trust (NYSE: VNO) is spinning off Urban Edge Properties in a transaction expected to be completed on that date. Vornado Realty Trust will remain in the S&P 500 following the distribution. Astoria Financial's market capitalization is below $1.3 billion, making it more representative of the small cap market space. NTELOS is ranked # 600 in the S&P SmallCap 600.

Stifel Financial provides retail and institutional brokerage, and investment banking services. Headquartered in St. Louis, MO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Investment Banking & Brokerage Sub-Industry index.

Select Medical Holdings operates specialty hospitals and outpatient rehabilitation clinics. Headquartered in Mechanicsburg, PA, the company will be added to the S&P SmallCap 600 GICS Health Care Facilities Sub-Industry index.

Urban Edge Properties, operating as a Real Estate Investment Trust (REIT), owns and operates strip shopping centers and malls. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Retail REITs Sub-Industry index.

Astoria Financial provides various financial products and services. Headquartered in Lake Success, NY, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
[email protected] 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
[email protected]

SOURCE S&P Dow Jones Indices

Related Links

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