Standard & Poor's Announces Changes to U.S. Indices
12 April 2005 - 10:11AM
PR Newswire (US)
Standard & Poor's Announces Changes to U.S. Indices NEW YORK,
April 11 /PRNewswire/ -- Standard & Poor's will make the
following changes to the S&P SmallCap 600 and S&P REIT
Composite indices: * iPayment Inc. (NASD: IPMT) will replace
Province Healthcare Co. (NYSE:PRV) in the S&P SmallCap 600
after the close of trading on Friday, April 15. Province Healthcare
is being acquired by S&P MidCap 400 constituent LifePoint
Hospitals Inc. (NASD: LPNT) in a deal expected to close on or about
that date, subject to final approval. * NETGEAR Inc. (NASD: NTGR)
will replace Advanced Marketing Services Inc. (NYSE:MKT) in the
S&P SmallCap 600 after the close of trading on Friday, April
15. The common stock of Advanced Marketing Services is scheduled to
be suspended from trading on the New York Stock Exchange, "in view
of the overall uncertainty surrounding the completion of the
company's current financial statement filing requirements ... due
to the previously announced restatement of its results." * Inland
Real Estate Corp. (NYSE:IRC) will replace Kramont Realty Trust
(NYSE:KRT) in the S&P REIT Composite after the close of trading
on Thursday, April 14. Kramont is being acquired by S&P/ASX 200
constituent Centro Properties in a deal expected to close on or
about that date, pending shareholder approval. Standard &
Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/ iPayment
provides credit and debit card-based payment processing services to
small merchants. Headquartered in Nashville, TN, the company will
be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Data Processing & Outsourced Services
Sub-Industry Index. NETGEAR is a supplier of networking gear for
small businesses and home users. Headquartered in Santa Clara, CA,
the company will be added to the S&P SmallCap 600 GICS
Communications Equipment Sub-Industry Index. Inland Real Estate is
a REIT which owns neighborhood and community retail centers,
located primarily in the Midwest. Headquartered in Oak Brook, IL,
the company will be added to the S&P REIT Composite Retail
property category. Following is a summary of the changes: S&P
SMALLCAP 600 INDEX - April 15, 2005 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED iPayment Information Technology Data
Processing & Outsourced Services NETGEAR Information Technology
Communications Equipment DELETED Province Health Care Healthcare
Health Care Facilities Advanced Marketing Services Consumer
Discretionary Distributors S&P REIT COMPOSITE INDEX - April 14,
2005 COMPANY REIT TYPE PROPERTY TYPE ADDED Inland Real Estate
Equity Retail DELETED Kramont Realty Equity Retail 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. About
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CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee (212) 438-3907 Web site:
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