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CoreSite Realty Set to Join S&P MidCap 400; Vonage to Join S&P SmallCap 600

2017-08-07 18:21 ET - News Release

NEW YORK, Aug. 7, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent CoreSite Realty Corp. (NYSE: COR) will replace NeuStar Inc. (NYSE:NSR) in the S&P MidCap 400, and Vonage Holdings Corp. (NYSE:VG) will replace CoreSite Realty in the S&P SmallCap 600 effective prior to the open on Thursday, August 10. NeuStar is being acquired by a private investment group led by Golden Gate Capital in a deal expected to be completed tomorrow pending final closing conditions.

CoreSite Realty, a real estate investment trust (REIT), engages in the ownership, acquisition, construction, and management of data centers. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.

Vonage Holdings provides communications services. Headquartered in Holmdel, NJ, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – August 10, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

CoreSite Realty

Real Estate

Specialized REITs

DELETED

NeuStar

Information Technology

Data Processing & Outsourced Services

 

S&P SMALLCAP 600 INDEX – August 10, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Vonage

Telecommunication Services

Alternative Carriers

DELETED

CoreSite Realty

Real Estate

Specialized REITs

 

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FOR MORE INFORMATION:

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

View original content:http://www.prnewswire.com/news-releases/coresite-realty-set-to-join-sp-midcap-400-vonage-to-join-sp-smallcap-600-300500714.html

SOURCE S&P Dow Jones Indices

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