NEW YORK, May 27, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Monday, June 1:
Hudson Pacific Properties Inc. (NYSE:HPP) will replace Diversified Healthcare Trust (NASD:DHC) in the S&P MidCap 400, and Diversified Healthcare Trust will replace FGL Holdings (NYSE:FG) in the S&P SmallCap 600. Fidelity National Financial Inc. (NYSE:FNF) is acquiring FGL Holdings in a transaction expected to be completed soon pending final conditions. Diversified Healthcare Trust is more representative of the small-cap market space.
Simulations Plus Inc. (NASD:SLP) will replace TiVo Corp. (NASD:TIVO) in the S&P SmallCap 600. S&P SmallCap 600 constituent Xperi Corp. (NASD:XPER) is acquiring TiVo in a transaction expected to be completed soon pending final approvals. Post-acquisition, Xperi will remain in the S&P SmallCap 600. It will change its name to Xperi Holdings Corp. and its GICS Sub-Industry to Systems Software.
Palomar Holdings Inc. (NASD:PLMR) will replace LSB Industries Inc. (NYSE:LXU) in the S&P SmallCap 600. LSB Industries is no longer representative of the small-cap market space.
Hudson Pacific Properties is a real estate investment trust (REIT) with a portfolio of office and studio properties. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Office REITs Sub-Industry index.
Diversified Healthcare Trust is a REIT that owns medical office and life science properties, senior living communities and wellness centers. Headquartered in Newton, MA, the company will be added to the S&P SmallCap 600 GICS Healthcare REITs Sub-Industry index.
Simulations Plus develops drug discovery and development software. Headquartered in Lancaster, CA, the company will be added to the S&P SmallCap 600 GICS Healthcare Technology Sub-Industry index.
Palomar Holdings provides specialty property insurance. Headquartered in La Jolla, CA, the company will be added to the S&P SmallCap 600 GICS Property & Casualty Insurance Sub-Industry index.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 and the Dow Jones Industrial Average. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
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Hudson Pacific Properties Inc. (NYSE:HPP) will replace Diversified Healthcare Trust (NASD:DHC) in the S&P MidCap 400, and Diversified Healthcare Trust will replace FGL Holdings (NYSE:FG) in the S&P SmallCap 600. Fidelity National Financial Inc. (NYSE:FNF) is acquiring FGL Holdings in a transaction expected to be completed soon pending final conditions. Diversified Healthcare Trust is more representative of the small-cap market space.
Simulations Plus Inc. (NASD:SLP) will replace TiVo Corp. (NASD:TIVO) in the S&P SmallCap 600. S&P SmallCap 600 constituent Xperi Corp. (NASD:XPER) is acquiring TiVo in a transaction expected to be completed soon pending final approvals. Post-acquisition, Xperi will remain in the S&P SmallCap 600. It will change its name to Xperi Holdings Corp. and its GICS Sub-Industry to Systems Software.
Palomar Holdings Inc. (NASD:PLMR) will replace LSB Industries Inc. (NYSE:LXU) in the S&P SmallCap 600. LSB Industries is no longer representative of the small-cap market space.
Hudson Pacific Properties is a real estate investment trust (REIT) with a portfolio of office and studio properties. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Office REITs Sub-Industry index.
Diversified Healthcare Trust is a REIT that owns medical office and life science properties, senior living communities and wellness centers. Headquartered in Newton, MA, the company will be added to the S&P SmallCap 600 GICS Healthcare REITs Sub-Industry index.
Simulations Plus develops drug discovery and development software. Headquartered in Lancaster, CA, the company will be added to the S&P SmallCap 600 GICS Healthcare Technology Sub-Industry index.
Palomar Holdings provides specialty property insurance. Headquartered in La Jolla, CA, the company will be added to the S&P SmallCap 600 GICS Property & Casualty Insurance Sub-Industry index.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 and the Dow Jones Industrial Average. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
Index Governance Inquiries
IGCC@spglobal.com
