08.08.2017 00:21:00
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CoreSite Realty Set to Join S&P MidCap 400; Vonage to Join S&P SmallCap 600
NEW YORK, Aug. 7, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent CoreSite Realty Corp. (NYSE: COR) will replace NeuStar Inc. (NYSE:NSR) in the S&P MidCap 400, and Vonage Holdings Corp. (NYSE:VG) will replace CoreSite Realty in the S&P SmallCap 600 effective prior to the open on Thursday, August 10. NeuStar is being acquired by a private investment group led by Golden Gate Capital in a deal expected to be completed tomorrow pending final closing conditions.
CoreSite Realty, a real estate investment trust (REIT), engages in the ownership, acquisition, construction, and management of data centers. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Vonage Holdings provides communications services. Headquartered in Holmdel, NJ, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – August 10, 2017 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | CoreSite Realty | Real Estate | Specialized REITs |
DELETED | NeuStar | Information Technology | Data Processing & Outsourced Services |
S&P SMALLCAP 600 INDEX – August 10, 2017 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Vonage | Telecommunication Services | Alternative Carriers |
DELETED | CoreSite Realty | Real Estate | Specialized REITs |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
View original content:http://www.prnewswire.com/news-releases/coresite-realty-set-to-join-sp-midcap-400-vonage-to-join-sp-smallcap-600-300500714.html
SOURCE S&P Dow Jones Indices
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