.jpg)
- S&P REIT Composite Index constituent CRT Properties Inc. (NYSE:CRO) will replace QRS Corp. (NASD:QRSI) in the S&P SmallCap 600 after the close of trading on Friday, November 12. QRS is being acquired by privately-held Inovis International in a deal still subject to shareholder approval. CRT had originally been announced as a replacement for InVision Technologies Inc. (NASD:INVN), which is scheduled to be acquired by S&P 500 constituent General Electric (NYSE:GE). A new replacement for InVision will be announced at a later date.
- GameStop Corp. (NYSE:GME.Bwi) will replace Three-Five Systems Inc. (NYSE:TFS) in the S&P SmallCap 600 after the close of trading on Friday, November 12. GameStop is being spun off by S&P MidCap 400 constituent Barnes & Noble (NYSE:BKS). At close of trading on Wednesday, November 3, Three-Five had a market capitalization of roughly $43 million, ranking 600th in the Index.
- Universal Health Realty Income Trust (NYSE:UHT) will replace Rouse Co. (NYSE:RSE) in the S&P REIT Composite on a date to be announced. Rouse is being acquired by fellow S&P REIT Composite constituent General Growth Properties Inc. (NYSE:GGP) in a deal that is still pending final approval.
GameStop is a U.S. video game and PC entertainment software specialty retailer. Headquartered in Grapevine, TX, the company will be added to the S&P SmallCap 600 GICS Computer & Electronics Retail Sub-Industry Index.
Universal Health Realty Income Trust is a real estate investment trust that invests in healthcare and human service-related facilities. Headquartered in King of Prussia, PA, the company will be added to the S&P REIT Composite Health Care property category.
Following is a summary of the changes:
| S&P SMALLCAP 600 INDEX – November 12, 2004 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | CRT Properties | Financials | Real Estate Investment Trusts |
| GameStop Corp. | Consumer Discretionary | Computer & Electronics Retail | |
| DELETED | QRS Corp. | Information Technology | Systems Software |
| Three-Five Systems | Information Technology | Semiconductors | |
| S&P REIT COMPOSITE INDEX – TBA | |||
| COMPANY | REIT TYPE | PROPERTY CATEGORY | |
| ADDED | Universal Health Realty Income Trust | Equity | Health Care |
| DELETED | Rouse Co | Equity | Industrial/Office |
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With 5000 employees located in 20 countries, Standard & Poor's is an essential part of the world's financial infrastructure, and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 280 offices in 40 countries. Sales in 2003 were $4.8 billion. Additional information is available at www.mcgraw-hill.com.
