S&P Dow Jones Indices: Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

NEW YORK, Nov. 27, 2023 /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 Thursday, November 30:

• Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE: BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.
  
  
• WP Carey Inc. (NYSE: WPC) will replace Worthington Industries Inc. (NYSE: WOR) in the S&P MidCap 400. Worthington Industries will replace Avantax, Inc. (NASD: AVTA) in the S&P SmallCap 600. Aretec Group, Inc. is acquiring Avantax in a deal expected to be completed soon pending final closing conditions. Worthington Industries is more appropriate for the S&P SmallCap 600 with an anticipated spin-off transaction expected to be completed in early December.
  
  
• Clearway Energy Inc. (NYSE: CWEN, CWEN .A) will replace Veritiv Corporation (NYSE: VRTV) in the S&P SmallCap 600. Clayton, Dubilier & Rice, LLC is to acquire Veritiv Corporation in a deal expected to be completed soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
November 30, 2023	S&P MidCap 400	Addition	Carlyle Group	CG	Financials
	S&P MidCap 400	Deletion	ICU Medical	ICUI	Health Care
	S&P MidCap 400	Addition	WP Carey	WPC	Real Estate
	S&P MidCap 400	Deletion	Worthington Industries	WOR	Materials
	S&P SmallCap 600	Addition	Clearway Energy	CWEN; CWEN.a	Utilities
	S&P SmallCap 600	Deletion	Veritiv	VRTV	Industrials
	S&P SmallCap 600	Addition	Worthington Industries	WOR	Materials
	S&P SmallCap 600	Deletion	Avantax,	AVTA	Financials
	S&P SmallCap 600	Addition	ICU Medical	ICUI	Health Care
	S&P SmallCap 600	Deletion	PacWest Bancorp	PACW	Financials

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