Affiliated Managers Group Set to Join S&P 500; LaSalle Hotel Properties, Rayonier Advanced Materials, TimkenSteel, Belden to Jo

   Affiliated Managers Group Set to Join S&P 500; LaSalle Hotel Properties,
 Rayonier Advanced Materials, TimkenSteel, Belden to Join the S&P MidCap 400;
                       Others to Join S&P SmallCap 600

PR Newswire

NEW YORK, June 24, 2014

NEW YORK, June 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:

  oS&P MidCap 400 constituent Affiliated Managers Group Inc. (NYSE: AMG) will
    replace Forest Laboratories Inc. (NYSE: FRX) in the S&P 500, S&P SmallCap
    600 constituent LaSalle Hotel Properties (NYSE: LHO) will replace
    Affiliated Managers Group in the S&P MidCap 400, and Sagent
    Pharmaceuticals Inc. (NASD: SGNT) will replace LaSalle Hotel Properties in
    the S&P SmallCap 600 after the close of trading on Monday, June 30. S&P
    500 constituent Actavis plc (NYSE: ACT) is acquiring Forest Laboratories
    in a transaction expected to be completed after the close of trading on
    that date.
  oRayonier Advanced Materials Inc. (NYSE: RYAMwi) will replace Intrepid
    Potash Inc. (NYSE: IPI) in the S&P MidCap 400, and Intrepid Potash will
    replace JAKKS Pacific Inc. (NASD: JAKK) in the S&P SmallCap 600 after the
    close of trading on Friday, June 27. S&P MidCap 400 constituent Rayonier
    Inc. (NYSE: RYN) is spinning off Rayonier Advanced Materials to
    shareholders in a transaction expected to be effective after the close of
    trading on that date. Rayonier will remain in the S&P MidCap 400 after the
    spin-off. Intrepid Potash is ranked near the bottom of the S&P MidCap 400
    and is more appropriate for the S&P SmallCap 600. JAKKS Pacific is ranked
    near the bottom of the S&P SmallCap 600 and is no longer representative of
    that index.
  oTimkenSteel Corp. (NYSE: TMSTwi) will replace Greenhill & Co. (NYSE: GHL)
    in the S&P MidCap 400, and Greenhill will replace Spartan Motors Inc.
    (NASD: SPAR) in the S&P SmallCap 600 after the close of trading on Monday,
    June 30. S&P MidCap 400 constituent Timken Co. (NYSE: TKR) is spinning off
    TimkenSteel to shareholders in a transaction expected to be effective
    after the close of trading on that date. Timken will remain in the S&P
    MidCap 400 after the spin-off. Greenhill is ranked near the bottom of the
    S&P MidCap 400 and is more appropriate for the S&P SmallCap 600. Spartan
    Motors is ranked near the bottom of the S&P SmallCap 600 and is no longer
    representative of that index.
  oS&P SmallCap 600 constituent Belden Inc. (NYSE: BDC) will replace Fidelity
    National Financial Inc. (NYSE: FNF) in the S&P MidCap 400, and Synergy
    Resources Corp. (AMEX: SYRG) will replace Belden in the S&P SmallCap 600
    after the close of trading on Monday, June 30. Effective on that date,
    Fidelity National is reclassifying its common stock into two tracking
    stocks. Per S&P U.S. Indices methodology, tracking stocks are not eligible
    for inclusion in S&P U.S. Indices.
  oVeritiv Corp. (NYSE: VRTVwi) will replace Higher One Holdings Inc. (NYSE:
    ONE) in the S&P SmallCap 600 after the close of trading on Tuesday, July
    1. S&P 500 constituent International Paper Corp. (NYSE: IP) is spinning
    off its distribution solutions business, and the newly spun company will
    then merge with privately held UWW Holdings Inc. to create Veritiv Corp.
    The transaction is expected to be effective after the close of trading on
    July 1. International Paper will remain in the S&P 500 after the spin-off.
    Higher One Holdings is ranked near the bottom of the S&P SmallCap 600 and
    is no longer representative of that index.

Affiliated Managers Group operates as an asset management company.
Headquartered in Prides Crossing, MA, the company will be added to the S&P 500
GICS (Global Industry Classification Standard) Asset Management & Custody
Banks Sub-Industry index.

LaSalle Hotel Properties, a real estate investment trust (REIT), engages in
the purchase, ownership, redevelopment, and leasing of hotels. Headquartered
in Bethesda, MD, the company will be added to the S&P MidCap 400 GICS Hotel &
Resorts REITs Sub-Industry index.

Sagent Pharmaceuticals develops, sources, manufactures, and markets
pharmaceutical products. Headquartered in Schaumburg, IL, the company will be
added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Rayonier Advanced Materials is a producer of high-purity cellulose.
Headquartered in Jacksonville, FL, the company will be added to the S&P MidCap
400 GICS Specialty Chemicals Sub-Industry index.

Intrepid Potash produces and markets muriate of potash and langbeinite.
Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600
GICS Fertilizers & Agricultural Chemicals Sub-Industry index.

TimkenSteel manufactures and sells alloy steel, and carbon and micro-alloy
steel products. Headquartered in Canton, OH, the company will be added to the
S&P MidCap 400 GICS Steel Sub-Industry index.

Belden designs, manufactures, and markets signal transmission solutions.
Headquartered in St. Louis, MO, the company will be added to the S&P MidCap
400 GICS Electronic Components Sub-Industry index.

Greenhill & Co. operates as an independent investment bank. Headquartered in
New York, NY, the company will be added to the S&P SmallCap 600 GICS
Investment Banking & Brokerage Sub-Industry index.

Synergy Resources acquires, explores, develops, produces, and exploits crude
oil and natural gas properties. Headquartered in Platteville, CO, the company
will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production
Sub-Industry index.

Veritiv is a distributor of printing and business paper products, packaging
supplies and equipment, and facility supplies and equipment. Headquartered in
Memphis, TN, 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 MIDCAP 400 INDEX – June 27, 2014
        COMPANY                GICS ECONOMIC       GICS SUB-INDUSTRY
                               SECTOR
ADDED   Rayonier Advanced      Materials           Specialty Chemicals
        Materials
DELETED Intrepid Potash        Materials           Fertilizers & Agricultural
                                                   Chemicals



S&P SMALLCAP 600 INDEX – June 27, 2014
        COMPANY         GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   Intrepid Potash Materials              Fertilizers & Agricultural
                                               Chemicals
DELETED JAKKS Pacific   Consumer Discretionary Leisure Products



S&P 500 INDEX – June 30, 2014
        COMPANY                GICS ECONOMIC       GICS SUB-INDUSTRY
                               SECTOR
ADDED   Affiliated Managers    Financials          Asset Management & Custody
        Group                                      Banks
DELETED Forest Laboratories    Health Care         Pharmaceuticals



S&P MIDCAP 400 INDEX – June 30, 2014
        COMPANY             GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED   LaSalle Hotel       Financials           Hotel & Resort REITs
        Properties
        TimkenSteel         Materials            Steel
        Belden              Information          Electronic Components
                            Technology
DELETED Affiliated Managers Financials           Asset Management & Custody
        Group                                    Banks
        Greenhill & Co.     Financials           Investment Banking &
                                                 Brokerage
        Fidelity National   Financials           Property & Casualty Insurance
        Financial



S&P SMALLCAP 600 INDEX – June 30, 2014
        COMPANY                 GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED   Sagent Pharmaceuticals Health Care          Pharmaceuticals
        Greenhill & Co.         Financials           Investment Banking &
                                                     Brokerage
        Synergy Resources       Energy               Oil & Gas Exploration &
                                                     Production
DELETED LaSalle Hotel           Financials           Hotel & Resort REITs
        Properties
        Belden                  Information          Electronic Components
                                Technology
        Spartan Motors          Consumer             Auto Parts & Equipment
                                Discretionary



S&P SMALLCAP 600 INDEX – July 1, 2014
        COMPANY             GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
ADDED   Veritiv             Industrials            Trading Companies &
                                                   Distributors
DELETED Higher One Holdings Information Technology Data Processing &
                                                   Outsourced Services



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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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
(+1) 212 438 1471
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices

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