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
DELETED Hall, Kinion Industrials Employment Services
S&P REIT COMPOSITE INDEX - February 12, 2003
COMPANY REIT TYPE PROPERTY CATEGORY
ADDED Ramco-Gershenson Equity Retail
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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SOURCE Standard & Poor's
/CONTACT: David Blitzer, Managing Director, Quantitative Services,
+1-212-438-3907, or Carol Levine, Communications Manager, +1-212-438-3534,
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CO: Standard & Poor's; McGraw-Hill Companies
ST: New York
IN: FIN PUB
-0- Feb/07/2003 22:50 GMT
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