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. Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With 5,000 employees located in 19 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at http://www.standardandpoors.com . Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 350 offices in 33 countries. Sales in 2002 were $4.8 billion. Additional information is available at http://www.mcgraw-hill.com . SOURCE Standard & Poor's -0- 03/11/2003 /CONTACT: David Blitzer, Managing Director, Quantitative Services, +1-212-438-3907, or Carol Levine, Communications Manager, +1-212-438-3534, email@example.com, both of Standard & Poor's/ /Web site: http://www.standardandpoors.com http://www.mcgraw-hill.com / (MHP AIV AMR) CO: Standard & Poor's ST: New York IN: PUB FIN SU: ECO -0- Mar/11/2003 22:57 GMT
Standard & Poor's Announces Changes in S&P U.S. Indices
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