S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, April 11:

• S&P SmallCap 600 constituent Semtech Corp. (NASD: SMTC) will replace ARRIS International plc (NASD: ARRS) in the S&P MidCap 400, and Century Communities Inc. (NYSE: CCS) will replace Semtech in the S&P SmallCap 600. CommScope Holding Company Inc. (NASD: COMM) is acquiring ARRIS International in a deal that was completed today.

• S&P SmallCap 600 constituent PS Business Parks Inc. (NYSE: PSB) will replace Rowan Companies plc (NYSE: RDC) in the S&P MidCap 400, and Boot Barn Holdings Inc. (NYSE: BOOT) will replace PS Business Parks in the S&P SmallCap 600. S&P MidCap 400 constituent Ensco plc (NYSE: ESV) is acquiring Rowan Companies in a transaction expected to be completed on or about April 11 pending final approvals. Post-merger, Ensco will change its name to Ensco Rowan plc and will remain in the S&P MidCap 400.

Semtech designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Headquartered in Camarillo, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.

Century Communities engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. Headquartered in Greenwood Village, CO, the company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index.

PS Business Parks, a real estate investment trust (REIT), acquires, develops, owns and operates commercial properties. Headquartered in Glendale, CA, the company will be added to the S&P MidCap 400 GICS Diversified REIT’s Sub-Industry index.

Boot Barn Holdings operates specialty retail stores. Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.

Advertisement

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – April 11, 2019
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY Advertisement
ADDED	Semtech	Information Technology	Semiconductors
	PS Business  Parks Advertisement	Real Estate	Diversified REITs
DELETED	ARRIS  International	Information Technology Advertisement	Communications  Equipment
	Rowan  Companies	Energy	Oil & Gas Drilling
S&P SMALLCAP 600 INDEX – April 11, 2019 Advertisement
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Century  Communities Advertisement	Consumer Discretionary	Homebuilding
	Boot Barn  Holdings	Consumer Discretionary	Apparel Retail Advertisement
DELETED	Semtech	Information Technology	Semiconductors
	PS Business  Parks Advertisement	Real Estate	Diversified REIT’s

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

SOURCE S&P Dow Jones Indices

Advertisement