NEW YORK, Dec. 11, 2020 /PRNewswire/ -- S&P
Dow Jones Indices will make the following changes to the S&P
500, S&P 100 and S&P MidCap 400 effective prior to the open
of trading on Monday, December
21:
As previously announced on November
16, Tesla Inc. (NASD:TSLA) will be added to the S&P 500.
Tesla will replace Apartment Investment and Management Co.
(NYSE:AIV). Tesla will also be added to the S&P 100, replacing
Occidental Petroleum Corp. (NYSE:OXY). Occidental Petroleum will
remain in the S&P 500. Apartment Income REIT Corp. (NYSE:AIRC)
will replace Dunkin' Brands Group Inc. (NASD:DNKN) in the S&P
MidCap 400. Apartment Investment and Management is spinning off
Apartment Income REIT in a transaction expected to be completed
post close on Monday, December 14.
Post spin-off, Apartment Investment and Management will no longer
be representative of the S&P Composite 1500 indices market cap
ranges. Inspire Brands Inc. is acquiring Dunkin' Brands Group in a
tender offer expected to expire on or about Tuesday, December 15.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
|
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS
Sector
|
|
Dec. 21,
2020
|
S&P
500
|
Addition
|
Tesla
|
TSLA
|
Consumer
Discretionary
|
|
Dec. 21,
2020
|
S&P
500
|
Deletion
|
Apartment Investment
& Mgt
|
AIV
|
Real
Estate
|
|
Dec. 21,
2020
|
S&P
100
|
Addition
|
Tesla
|
TSLA
|
Consumer
Discretionary
|
|
Dec. 21,
2020
|
S&P
100
|
Deletion
|
Occidental
Petroleum
|
OXY
|
Energy
|
|
Dec. 21,
2020
|
S&P MidCap
400
|
Addition
|
Apartment Income
REIT
|
AIRC
|
Real
Estate
|
|
Dec. 21,
2020
|
S&P MidCap
400
|
Deletion
|
Dunkin' Brands
Group
|
DNKN
|
Consumer
Discretionary
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define the way investors
measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones
Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original
content:http://www.prnewswire.com/news-releases/tesla-set-to-join-sp-500--100-apartment-income-reit-to-join-sp-midcap-400-301191493.html
SOURCE S&P Dow Jones Indices