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Press release from PR Newswire

Zoetis Set to Join S&P 500; First Horizon National to Join S&P MidCap 400; QLogic to Join S&P SmallCap 600

Friday, June 14, 2013

Zoetis Set to Join S&P 500; First Horizon National to Join S&P MidCap 400; QLogic to Join S&P SmallCap 600

17:44 EDT Friday, June 14, 2013

NEW YORK, June 14, 2013 /PRNewswire/ -- Zoetis Inc. (NYSE: ZTSwi) will replace First Horizon National Corp. (NYSE: FHN) in the S&P 500, First Horizon National will replace QLogic Corp. (NASD: QLGC) in the S&P MidCap 400, and QLogic will replace Coldwater Creek Inc. (NASD: CWTR) in the S&P SmallCap 600 after the close of trading on Friday, June 21. S&P 100 & 500 constituent Pfizer Inc. (NYSE: PFE) is splitting off its approximately 80% holdings in Zoetis in an exchange offer expected to be completed soon, pending final conditions. First Horizon's total market capitalization is more representative of the mid cap market space, and QLogic's total market capitalization is more representative of the small cap market space. Coldwater Creek is ranked #600 in the SmallCap 600.

Zoetis engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines.  Headquartered in Madison, NJ, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

First Horizon National operates as a bank, providing various financial services.  Headquartered in Memphis, TN, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.

QLogic designs and supplies network infrastructure products.  Headquartered in Aliso Viejo, CA, the company will be added to the S&P SmallCap 600 GICS Computer Storage & Peripherals Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX ? June 21, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Zoetis

Health Care

Pharmaceuticals

DELETED

First Horizon National

Financials

Regional Banks

 

S&P MIDCAP 400 INDEX ? June 21, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

First Horizon National

Financials

Regional Banks

DELETED

QLogic

Information Technology

Computer Storage & Peripherals

 

S&P SMALLCAP 600 INDEX ? June 21, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

QLogic

Information Technology

Computer Storage & Peripherals

DELETED

Coldwater Creek

Consumer Discretionary

Apparel Retail

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones")

For more information:

Dave GuarinoCommunicationsS&P Dow Jones Indicesdave.guarino@spdji.com(212) 438-1471

David BlitzerManaging Director and Chairman of the Index CommitteeS&P Dow Jones Indicesdavid.blitzer@ spdji.com(212) 438-3907

SOURCE S&P Dow Jones Indices

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