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Press release from PR Newswire

Allegion plc Set to Join the S&P 500; J.C. Penney to Join S&P MidCap 400; Aeropostle, Anika Therapeutics to Join S&P SmallCap 600

Friday, November 22, 2013

Allegion plc Set to Join the S&P 500; J.C. Penney to Join S&P MidCap 400; Aeropostle, Anika Therapeutics to Join S&P SmallCap 600

17:47 EST Friday, November 22, 2013

NEW YORK, Nov. 22, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • Allegion plc (NYSE: ALLEwi) will replace J. C. Penney Company Inc. (NYSE: JCP) in the S&P 500, J. C. Penney will replace Aeropostale Inc. (NYSE: ARO) in the S&P MidCap 400, and Aeropostale will replace Corinthian Colleges Inc. (NASD: COCO) in the S&P SmallCap 600 after the close of trading on Friday, November 29. S&P 500 constituent Ingersoll-Rand plc (NYSE: IR) is spinning off Allegion to shareholders in a transaction expected to be effective after the close of trading on that date. Ingersoll-Rand will remain in the S&P 500 after the spin-off. J. C. Penney's and Aeropostale's market capitalizations are now more representative of the mid cap market and small cap market spaces respectively. Corinthian Colleges' low stock price and market capitalization make it no longer suitable for the S&P SmallCap 600.                         
  • Anika Therapeutics Inc. (NASD: ANIK) will replace Symmetricom Inc. (NASD: SYMM) in the S&P SmallCap 600 after the close of trading on Tuesday, November 26. S&P SmallCap 600 constituent Microsemi Corp. (NASD: MSCC) is acquiring Symmetricom in a deal expected to be completed soon pending final approvals.

Allegion is a provider of mechanical and electronic security products. Headquartered in Dublin, Ireland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Building Products Sub-Industry index.

J. C. Penney is an apparel and home furnishing retailer. Headquartered in Plano, TX, the company will be added to the S&P MidCap 400 GICS Department Stores Sub-Industry index.

Aeropostale is a specialty retailer of casual apparel and accessories. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.

Anika Therapeutics develops, manufactures, and commercializes therapeutic products for tissue protection, healing, and repair. Headquartered in Bedford, MA, the company will be added to the S&P SmallCap 600 GICS Health Care Supplies Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX ? November 26, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Anika Therapeutics

Health Care

Health Care Supplies

DELETED

Symmetricom

Information Technology

Communications Equipment

S&P 500 INDEX ? November 29, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Allegion

Industrials

Building Products

DELETED

J.C. Penney

Consumer Discretionary

Department Stores

S&P 400 INDEX ? November 29, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

J.C. Penney

Consumer Discretionary

Department Stores

DELETED

Aeropostale

Consumer Discretionary

Apparel Retail

S&P SMALLCAP 600 INDEX ? November 29, 2013

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Aeropostale

Consumer Discretionary

Apparel Retail

DELETED

Corinthian Colleges

Consumer Discretionary

Education Services

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 part of McGraw Hill Financial, 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 Average?, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of 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 asset 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.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

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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