Standard & Poor's Announces Changes to S&P U.S. Indices
NEW YORK, Feb. 7 /PRNewswire/ -- Standard & Poor's will make the following changes in the S&P SmallCap 600 and S&P REIT Composite Indices:
* AFC Enterprises Inc. (Nasdaq: AFCE) will replace Hall, Kinion & Associates Inc. (Nasdaq: HAKI) in the S&P SmallCap 600 Index after the close of trading on Tuesday, February 11, 2003. Hall, Kinion & Associates had a market capitalization of $25 million after the close of trading on February 6, ranking 600 in the S&P SmallCap 600 Index. * Ramco-Gershenson Properties Trust (NYSE: RPT) will replace IRT Property Company (NYSE: IRT) in the S&P REIT Composite Index after the close of trading on Wednesday, February 12, 2003. IRT Property is being acquired by Equity One (NYSE: EQY) in a transaction scheduled to close on or about that date, pending shareholder and regulatory approval. Equity One will not be added to an S&P index at this time. Following is a summary of the announced changes: S&P SMALLCAP 600 INDEX - February 11, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED AFC Enterprises Consumer Restaurants Discretionary DELETED Hall, Kinion Industrials Employment Services & Associates S&P REIT COMPOSITE INDEX - February 12, 2003 COMPANY REIT TYPE PROPERTY CATEGORY ADDED Ramco-Gershenson Equity Retail Properties Trust DELETED IRT Property Company Equity Retail
AFC Enterprises develops, operates and franchises quick-service restaurants, bakeries and cafes, primarily under the trade names Popeyes Chicken & Biscuits, Church's Chicken and Cinnabon. The company, headquartered in Atlanta, GA, will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Restaurants sub-industry.
Ramco-Gershenson Properties Trust is a REIT engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers. The company, headquartered in Southfield, MI, will be added to the S&P REIT Composite Retail property category.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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(AFCE HAKI RPT)
CO: Standard & Poor's; McGraw-Hill Companies ST: New York IN: FIN PUB SU:
-0- Feb/07/2003 22:45 GMT