NEW
YORK, May 13, 2024 /PRNewswire/ -- Cohen &
Steers, Inc. (NYSE: CNS) announced today a change to its
Realty Majors Portfolio Index (RMP) capitalization policy.
Currently, individual index constituent capitalization weights are
limited to a maximum of 8%. Effective as of close of business on
May 17, 2024, constituent weightings
will now be subject to an additional adjustment if the sum of the
constituents that individually have a weight greater than 4.5%
exceeds 45% of the total index.
If the new rule is breached, all constituents with weights
greater than 4.5% are sorted in ascending order. The first
constituent's weight that breaches this limit is reduced to 4.5%,
and the excess weight is evenly redistributed to constituents with
an unadjusted weight of less than 4.5%. This process is repeated
until the sum of constituents with a weight greater than 4.5% is
equal to or less than 45% of the total index.
Rebalancings occur quarterly, except in the event of certain
corporate actions, such as stock splits, rights offerings,
distributions, reorganizations, recapitalizations or similar events
with respect to the component stocks.
Cohen & Steers also announced today pending changes to the
constituents of its Realty Majors Portfolio Index (RMP), Global
Realty Majors Portfolio Index (GRM) and International Realty Majors
Portfolio Index (IRP), effective as of the close of business on
May 17, 2024.
|
Cohen & Steers
Realty Majors Portfolio Index (RMP)
|
|
Added component
(symbol)
|
Removed component
(symbol)
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Iron Mountain Inc.
(IRM.US)
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Cousins Properties Inc.
(CUZ.US)
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|
|
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Cohen & Steers
Global Realty Majors Portfolio Index (GRM)
|
|
Added component
(symbol)
|
Removed component
(symbol)
|
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Iron Mountain Inc.
(IRM.US)
|
Cousins Properties Inc.
(CUZ.US)
|
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Unibail-Rodamco-Westfield (URW.FP)
|
Assura Plc
(AGR.LN)
|
|
|
|
Cohen & Steers
International Realty Majors Portfolio Index (IRP)
|
|
Added component
(symbol)
|
Removed component
(symbol)
|
|
Unibail-Rodamco-Westfield (URW.FP)
|
Assura Plc
(AGR.LN)
|
|
|
These free-float adjusted, modified market
capitalization-weighted total return indexes of selected real
estate equity securities are quoted intraday on a real-time
basis by the Chicago Mercantile Exchange. The Indexes' modified
capitalization-weighted approach and qualitative screening process
emphasize companies that Cohen & Steers believes are leading
the securitization of real estate globally.
The Indexes can be used as indexing benchmarks, stock selection
universes, underlying indexes for derivative instruments or
performance benchmarks. All index weightings are independently
calculated by Standard & Poor's.
Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including listed and private real estate,
preferred securities, infrastructure, resource equities,
commodities, as well as multi-strategy solutions. Founded in 1986,
the firm is headquartered in New York
City, with offices in London, Dublin, Hong
Kong, Tokyo and
Singapore.
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content:https://www.prnewswire.com/news-releases/cohen--steers-announces-changes-to-realty-indexes-302143934.html
SOURCE Cohen & Steers, Inc.