Often we hear of annuities whose returns are based on the S&P Index- there are more than one-! The small cap Index has changed some stocks that comprise the Index. This actually happens regularly, and most advisors speak-One would think there is only ONE Index with a static company membership- Not So- Just for fun ask your advisor what stocks comprise each of the Indices!!!go check out the mcgraw hill site...LOOK the REIT(RealEstate Investment Trust) was deleted- what does that tell you?

Date:   9/22/2005 1:02:32 AM ( 19 y ago)

NEW YORK, Sept. 21 /PRNewswire/ -- Standard & Poor's will make the
following changes to the S&P SmallCap 600 and S&P REIT Composite indices after
the close of trading on Tuesday, September 27, 2005:

-- Prosperity Bancshares Inc. (Nasdaq: PRSP) will replace CRT Properties
Inc. (NYSE: CRO) in the S&P SmallCap 600. CRT is being acquired by
clients advised by DRA Advisors LLC, along with S&P SmallCap 600 and
S&P REIT Composite constituent Colonial Properties Trust (NYSE: CLP),
in a deal that is expected to close on that date, pending final
approvals.

-- LTC Properties Inc. (NYSE: LTC) will replace CRT Properties Inc.
(NYSE: CRO) in the S&P REIT Composite.

Standard & Poor's will monitor this transaction, and post any relevant
updates on its website: http://www.standardandpoors.com .
Prosperity Bancshares provides a line of financial products and services
to small and medium-sized businesses and consumers. Headquartered in Houston,
TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Regional Banks Sub-Industry Index.
LTC Properties invests primarily in long-term care and other health care-
related properties. Headquartered in Malibu, CA, 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 - September 27, 2005

COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Prosperity Bancshares Financials Regional Banks
DELETED CRT Properties Financials Real Estate
Investment
Trusts


S&P REIT COMPOSITE INDEX - September 27, 2005

COMPANY REIT TYPE PROPERTY CATEGORY
ADDED LTC Properties Hybrid Health Care
DELETED CRT Properties 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.

About Standard & Poor's
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 6,500 employees
located in 22 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 http://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
290 offices in 37 countries. Sales in 2004 were $5.3 billion. Additional
information is available at http://www.mcgraw-hill.com .



SOURCE Standard & Poor's


 

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