NEW YORK, May 5, 2017 /PRNewswire/ -- Ramco-Gershenson
Properties Trust (NYSE: RPT) will replace Headwaters Inc. (NYSE:
HW) in the S&P SmallCap 600 effective prior to the open on
Wednesday, May 10. Boral Limited is
acquiring Headwaters in a deal expected to be completed soon,
pending final conditions.
Ramco-Gershenson Properties Trust, a real estate investment
trust (REIT), engages in the ownership, development, acquisition,
management, and leasing of community shopping centers, single
tenant retail properties, and one regional mall. Headquartered in
Farmington Hills, MI, the company
will be added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Retail REITs Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP
600 INDEX – MAY 10, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Ramco-
Gershenson
Properties
|
Real
Estate
|
Retail
REITs
|
DELETED
|
Headwaters
|
Materials
|
Construction
Materials
|
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david.blitzer@spglobal.com
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SOURCE S&P Dow Jones Indices