NEW YORK, May 27, 2020 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 effective prior to the open of trading
on Monday, June 1:
- Hudson Pacific Properties Inc. (NYSE:HPP) will replace
Diversified Healthcare Trust (NASD:DHC) in the S&P MidCap 400,
and Diversified Healthcare Trust will replace FGL Holdings
(NYSE:FG) in the S&P SmallCap 600. Fidelity National Financial
Inc. (NYSE:FNF) is acquiring FGL Holdings in a transaction expected
to be completed soon pending final conditions. Diversified
Healthcare Trust is more representative of the small-cap market
space.
- Simulations Plus Inc. (NASD:SLP) will replace TiVo Corp.
(NASD:TIVO) in the S&P SmallCap 600. S&P SmallCap 600
constituent Xperi Corp. (NASD:XPER) is acquiring TiVo in a
transaction expected to be completed soon pending final approvals.
Post-acquisition, Xperi will remain in the S&P SmallCap 600. It
will change its name to Xperi Holdings Corp. and its GICS
Sub-Industry to Systems Software.
- Palomar Holdings Inc. (NASD:PLMR) will replace LSB Industries
Inc. (NYSE:LXU) in the S&P SmallCap 600. LSB Industries is no
longer representative of the small-cap market space.
Hudson Pacific Properties is a real estate investment trust
(REIT) with a portfolio of office and studio properties.
Headquartered in Los Angeles, CA,
the company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Office REITs Sub-Industry
index.
Diversified Healthcare Trust is a REIT that owns medical office
and life science properties, senior living communities and wellness
centers. Headquartered in Newton,
MA, the company will be added to the S&P SmallCap 600
GICS Healthcare REITs Sub-Industry index.
Simulations Plus develops drug discovery and development
software. Headquartered in Lancaster,
CA, the company will be added to the S&P SmallCap 600
GICS Healthcare Technology Sub-Industry index.
Palomar Holdings provides specialty property
insurance. Headquartered in La
Jolla, CA, the company will be added to the S&P SmallCap
600 GICS Property & Casualty Insurance Sub-Industry
index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – JUNE 1, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Hudson Pacific
Properties
|
Financials
|
Office
REITs
|
DELETED
|
Diversified
Healthcare Trust
|
Financials
|
Healthcare
REITs
|
|
|
S&P SMALLCAP
600 INDEX –JUNE 1, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Diversified
Healthcare Trust
|
Financials
|
Healthcare
REITs
|
|
Simulations
Plus
|
Health
Care
|
Healthcare
Technology
|
|
Palomar
Holdings
|
Financial
|
Property &
Casualty Insurance
|
DELETED
|
FGL
Holdings
|
Financials
|
Other Diversified
Financial Services
|
|
TiVo
|
Information
Technology
|
Systems
Software
|
|
LSB
Industries
|
Materials
|
Diversified
Chemicals
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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