NEW YORK, July 1, 2019 /PRNewswire/ -- Spirit Realty
Capital Inc. (NYSE: SRC) will replace SM Energy Co. (NYSE: SM) in
the S&P MidCap 400, and SM Energy will replace Multi-Color
Corp. (NASD: LABL) in the S&P SmallCap 600 effective prior to
the open of trading on Tuesday, July
9. Platinum Equity LLC is acquiring Multi-Color in a deal
that closed today. SM Energy is ranked near the bottom of the
S&P MidCap 400 and has a total market capitalization that is
more representative of the small-cap market space.
Spirit Realty Capital is a net-lease REIT (Real Estate
Investment Trust) that primarily invests in industrial, office and
data center properties. Headquartered in Dallas, TX, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard)
Retail REIT's Sub-Industry index.
SM Energy engages in the acquisition, exploration, development,
and production of crude oil & condensate, natural gas, and
natural gas liquids. Headquartered in Denver, CO, the company will be added to the
S&P SmallCap 600 GICS Oil & Gas Exploration &
Production Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – July 9, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Spirit Realty
Capital
|
Real
Estate
|
Retail
REITs
|
|
DELETED
|
SM Energy
|
Energy
|
Oil & Gas
Exploration & Production
|
|
S&P SMALLCAP
600 INDEX – July 9, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
SM Energy
|
Energy
|
Oil & Gas
Exploration & Production
|
|
DELETED
|
Multi-Color
|
Industrials
|
Commercial
Printing
|
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