Cohen & Steers Announces Change in Realty Majors Portfolio Index
03 October 2007 - 5:32AM
PR Newswire (US)
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc.
(NYSE:CNS) announced a pending change to its Realty Majors
Portfolio Index (RMP) today. The change follows the announcement
that Archstone-Smith Trust, a leading developer, owner and operator
of apartment communities in the United States, is expected to be
acquired by an entity jointly controlled by affiliates of Tishman
Speyer Real Estate Venture VII, L.P. and Lehman Brothers Holdings
Inc. on October 5, 2007. Once the acquisition is complete,
Archstone-Smith will be deleted from the index. BRE Properties,
Inc. (BRE), which develops, owns and operates U.S. apartment
communities, will be added to the index on the same date. Component
change: Deletion Index Name: Cohen & Steers Realty Majors
Portfolio Index Index Symbol: RMP Calculation method: Modified
Capitalization Weighted Index Component symbol: ASN Component name:
Archstone-Smith Trust The Realty Majors Portfolio Index is a
modified capitalization-weighted total return index of selected
real estate equity securities. It is quoted intraday on a real-time
basis by the Chicago Mercantile Exchange under the symbol RMP. The
index's modified capitalization-weighted approach and qualitative
screening process emphasize companies that the Cohen & Steers
Index Committee believes are leading the securitization of real
estate in the United States. RMP can be used as an indexing
benchmark, stock selection universe, underlying index for
derivative instruments or performance benchmark. All index
weightings are independently calculated by Standard & Poor's.
DATASOURCE: Cohen & Steers, Inc. CONTACT: Francis C. Poli,
Executive Vice President and General Counsel, Cohen & Steers
Capital Management, Inc., +1-212-446-9112 Web site:
http://www.cohenandsteers.com/
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