Standard & Poor's Announces Changes in S&P U.S. Indices
NEW YORK, March 11 /PRNewswire-FirstCall/ -- Standard & Poor's will make the following changes in the S&P 500 and S&P SmallCap 600 Indices after the close of trading on Thursday, March 13, 2003:
* Apartment Investment & Management Co. (NYSE: AIV) will replace AMR Corp. (NYSE: AMR) in the S&P 500 Index. AMR is being removed on account of low market capitalization and price per share. * Possis Medical Inc. (Nasdaq: POSS) will replace Aware Inc. (Nasdaq: AWRE) in the S&P SmallCap 600 Index. Aware has closed at a price below $2.00 per share for 5 consecutive days.
Apartment Investment & Management Co. is a REIT engaged in the ownership, acquisition, redevelopment, expansion and management of multi-family apartment properties. The company, headquartered in Denver, CO, will be added to the S&P 500 GICS (Global Industry Classification Standard) Real Estate Investment Trusts sub-industry.
Possis Medical Inc. is a developer, manufacturer and marketer of medical devices, focused on the development of a device for the removal of intravascular blood clots in a variety of clinical applications. The company, headquartered in Minneapolis, MN, will be added to the S&P SmallCap 600 GICS Health Care Equipment sub-industry.
Following is a summary of the announced changes: S&P 500 INDEX - March 13, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Apartment Financials Real Estate Investment & Investment Trusts Management DELETED AMR Corp. Industrials Airlines S&P SMALLCAP 600 INDEX - March 13, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Possis Medical Health Care Health Care Equipment DELETED Aware Inc. Information Technology Telecommunications Equipment
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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CO: Standard & Poor's ST: New York IN: PUB FIN SU: ECO
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