Navient, Under Armour Set to Join the S&P 500; SLM, PolyOne to Join S&P MidCap 400; Aceto to Join S&P SmallCap 600

Navient, Under Armour Set to Join the S&P 500; SLM, PolyOne to Join S&P MidCap
                     400; Aceto to Join S&P SmallCap 600

PR Newswire

NEW YORK, April 24, 2014

NEW YORK, April 24, 2014 /PRNewswire/ --S&P Dow Jones Indices will make the
following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices
after the close of trading on April 30:

  oNavient Corp. (NASD: NAVIV) will replace SLM Corp. (NASD: SLM) in the S&P
    500, and SLM will replace Alpha Natural Resources Inc. (NYSE: ANR) in the
    S&P MidCap 400. SLM Corp. is spinning off Navient to shareholders in a
    transaction expected to be completed after the close of trading on April
    30. Post spin, it is anticipated that SLM will have a market
    capitalization more representative of the mid-cap market space. Alpha
    Natural Resources is ranked #400 in the S&P MidCap 400 and is no longer
    appropriate for that index.
  oS&P MidCap 400 constituent Under Armour Inc. (NYSE: UA) will replace Beam
    Inc. (NYSE: BEAM) in the S&P 500, S&P SmallCap 600 constituent PolyOne
    Corp. (NYSE: POL) will replace Under Armour in the S&P MidCap 400, and
    Aceto Corp. (NASD: ACET) will replace PolyOne in the S&P SmallCap 600.
    Suntory Holdings is acquiring Beam in a deal expected to be completed on
    or about April 30. Under Armour and PolyOne have market capitalizations
    more representative of the large-cap and mid-cap market spaces
    respectively.

Navient operates a loan management, servicing and asset recovery business.
Headquartered in Newark, DE, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Consumer Finance Sub-Industry index.

SLM is a financial services company specializing in education. Headquartered
in Newark, DE, the company will be added to the S&P MidCap 400 GICS Consumer
Finance Sub-Industry index.

Under Armour develops, markets, and distributes branded performance apparel,
footwear, and accessories. Headquartered in Baltimore, MD, the company will be
added to the S&P 500 GICS Apparel, Accessories & Luxury Goods Sub-Industry
index.

PolyOne provides specialized polymer materials, services, and solutions.
Headquartered in Avon Lake, OH, the company will be added to the S&P MidCap
400 GICS Specialty Chemicals Sub-Industry index.

Aceto engages in the marketing, sale and distribution of products for human
health, pharmaceutical ingredients and performance chemicals. Headquartered in
Port Washington, NY, the company will be added to the S&P SmallCap 600 GICS
Trading Companies & Distributors Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – April 30, 2014
        COMPANY      GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   Navient      Finance                Consumer Finance
        Under Armour Consumer Discretionary Apparel, Accessories & Luxury
                                            Goods
DELETED SLM          Financials             Consumer Finance
        Beam         Consumer Staples       Distillers & Vintners



S&P MIDCAP 400 INDEX – April 30, 2014
        COMPANY       GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   SLM           Financials             Consumer Finance
        PolyOne       Materials              Specialty Chemicals
DELETED Alpha Natural Energy                 Coal & Consumable Fuels
        Resources
        Under Armour  Consumer Discretionary Apparel, Accessories & Luxury
                                             Goods



S&P SMALLCAP 600 INDEX – April 30, 2014
        COMPANY         GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED   Aceto Chemicals Industrials          Trading Companies & Distributors
DELETED PolyOne         Materials            Specialty Chemicals

Additions to and deletions from S&P Dow Jones Indices do not in any way
reflect an opinion on the investment merits of the companies involved.

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For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(212) 438 3907
david.blitzer@spdji.com

David R. Guarino
Communications
S&P Dow Jones Indices
(212) 438 1471
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices

Website: http://www.spdji.com
 
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