INVN to be added to S&P Small Cap 600 Index =================== Standard & Poor's Announces Changes to S&P U.S. Indices January 23, 2003 6:01:00 PM ET
NEW YORK, Jan. 23 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400, S&P SmallCap 600 and S&P REIT Composite Indices:
* United Dominion Realty Trust UDR and AMB Property Corp. AMB will replace Metris Companies Inc. MXT and Sykes Enterprises SYKE, respectively, in the S&P MidCap 400 Index after the close of trading on Monday, January 27, 2003. Both companies are being removed on account of low market capitalization. * InVision Technologies Inc. INVN will replace Information Resources Inc. IRIC in the S&P SmallCap 600 Index after the close of trading on Monday, January 27, 2003. Information Resources is being removed on account of having traded below $2.00 for more than five consecutive days. * Keystone Property Trust KTR will replace JDN Realty JDN in the S&P REIT Composite Index after the close of trading on Friday, January 31, 2003. S&P REIT Composite component Developers Diversified Realty DDR is acquiring JDN Realty in a transaction anticipated to close on or about that date. The transaction is still subject to shareholder approval.United Dominion Realty Trust is a self-administered equity REIT that owns, acquires, renovates, develops and manages middle-market apartment communities nationwide. The company, headquartered in Highland Ranch, CO, will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Real Estate Investment Trusts sub-industry.
AMB Property Corp. is a REIT engaged in the acquisition, ownership, operation, management, renovation, expansion and development of primarily industrial properties in target markets nationwide. The company, headquartered in San Francisco, CA, will be added to the S&P MidCap 400 GICS Real Estate Investment Trusts sub-industry.
InVision Technologies Inc. is a provider of Federal Aviation Administration-certified explosives detection systems to airports for screening passenger baggage. The company, headquartered in Newark, CA, will be added to the S&P SmallCap 600 GICS Aerospace & Defense sub-industry.
Keystone Property Trust is a self-administered, self-managed REIT engaged in the ownership, acquisition, development and management of industrial properties, principally in the eastern U.S. The company, headquartered in West Conshohocken, PA, will be added to the S&P REIT Composite Industrial/Office property category.
Following is a summary of the announced changes:
S&P MIDCAP 400 INDEX - January 27, 2003 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR
ADDED United Dominion Financials Real Estate Realty Trust Investment Trusts AMB Property Financials Real Estate Investment Trusts DELETED Metris Companies Financials Consumer Finance Sykes Enterprises Information IT Consulting & Technology Services
S&P SMALLCAP 600 INDEX - January 27, 2003 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY SECTOR
S&P REIT COMPOSITE INDEX - January 31, 2003 COMPANY REIT TYPE PROPERTY CATEGORY ADDED Keystone Property Equity Industrial/Office DELETED JDN Realty Equity RetailCompany additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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