-- S&P MidCap 400 constituent Health Care REIT Inc. (NYSE: HCN) will replace Sovereign Bancorp Inc. (NYSE: SOV) in the S&P 500, and International Bancshares Corp. (NASD: IBOC) will replace Health Care REIT in the S&P MidCap 400. Sovereign Bancorp is being acquired by S&P Global 1200 constituent Banco Santander SA in a transaction that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website:.
Health Care REIT concentrates primarily on senior housing and health care real estate. Headquartered in
International Bancshares provides commercial and retail banking services in
Following is a summary of the changes:
S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Health Care REIT Financials Specialized REITs DELETED Sovereign Bancorp Financials Thrifts & Mortgage Finance S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED International Financials Regional Banks Bancshares DELETED Health Care REIT Financials Specialized REITs
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit.
SOURCE Standard & Poor's