Standard & Poor's Announces Changes to U.S. Indices
September 21 2005 - 6:32PM
PR Newswire (US)
NEW YORK, Sept. 21 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P SmallCap 600 and S&P REIT
Composite indices after the close of trading on Tuesday, September
27, 2005: -- Prosperity Bancshares Inc. (NASDAQ:PRSP) will replace
CRT Properties Inc. (NYSE:CRO) in the S&P SmallCap 600. CRT is
being acquired by clients advised by DRA Advisors LLC, along with
S&P SmallCap 600 and S&P REIT Composite constituent
Colonial Properties Trust (NYSE:CLP), in a deal that is expected to
close on that date, pending final approvals. -- LTC Properties Inc.
(NYSE:LTC) will replace CRT Properties Inc. (NYSE:CRO) in the
S&P REIT Composite. Standard & Poor's will monitor this
transaction, and post any relevant updates on its website:
http://www.standardandpoors.com/ . Prosperity Bancshares provides a
line of financial products and services to small and medium-sized
businesses and consumers. Headquartered in Houston, TX, the company
will be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Regional Banks Sub-Industry Index. LTC
Properties invests primarily in long-term care and other health
care- related properties. Headquartered in Malibu, CA, the company
will be added to the S&P REIT Composite Health Care property
category. Following is a summary of the changes: S&P SMALLCAP
600 INDEX - September 27, 2005 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Prosperity Bancshares Financials Regional Banks
DELETED CRT Properties Financials Real Estate Investment Trusts
S&P REIT COMPOSITE INDEX - September 27, 2005 COMPANY REIT TYPE
PROPERTY CATEGORY ADDED LTC Properties Hybrid Health Care DELETED
CRT Properties Equity Industrial/Office Additions to and deletions
from an S&P equity index do not in any way reflect an opinion
on the investment merits of the companies concerned. About Standard
& Poor's Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of
independent credit ratings, indices, risk evaluation, investment
research, data and valuations. With 6,500 employees located in 22
countries, Standard & Poor's is an essential part of the
world's financial infrastructure and has played a leading role for
more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment
and financial decisions. For more information, visit
http://www.standardandpoors.com/ . Founded in 1888, The McGraw-Hill
Companies is a leading 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 290 offices in 37 countries. Sales in 2004 were $5.3
billion. Additional information is available at
http://www.mcgraw-hill.com/ . CONTACT: David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee (MHP PRSP
CRO CLP LTC) DATASOURCE: Standard & Poor's Web site:
http://www.standardandpoors.com/ http://www.mcgraw-hill.com/
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