S&P Dow Jones Indices Announces Treatment of Stock Dividend for Discovery Communications in S&P 500

  S&P Dow Jones Indices Announces Treatment of Stock Dividend for Discovery
                          Communications in S&P 500

PR Newswire

NEW YORK, July 30, 2014

NEW YORK, July 30, 2014 /PRNewswire/ --S&P Dow Jones Indices announces the
treatment of a stock dividend for S&P 500 constituent Discovery Communications

  oDiscovery Communications is paying a stock dividend of 1 share of Class C
    (NASD: DISCK) for each outstanding share of Class A (DISCA) and Class B
    (DISCB) and Class C. For index purposes, S&P Dow Jones Indices will add
    the Class C share line to the S&P 500 effective after the close of trading
    on Wednesday, August 6, the distribution date, in order to replicate the
    Class C shares being distributed to Class A shareholders. The Class C
    share line and the Class A share line will both represent Discovery
    Communications in S&P Dow Jones indices.

    After the effective date of this action, the 500 companies in the S&P 500
    will be represented by 502 trading lines. The other company represented by
    multiple trading lines in the index is Google Inc. (NASD:GOOG & GOOGL).
    S&P Dow Jones Indices announced in a press release dated March 11, 2014,
    that for companies that issue a second publicly traded share class to
    index share class holders, multiple class lines will be considered for
    inclusion if the event is mandatory and the market capitalization of the
    distributed class is not considered to be de minimis.

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For more information:

Dave Guarino
S&P Dow Jones Indices
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(212) 438-3907

SOURCE S&P Dow Jones Indices

Website: http://www.spdji.com
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