NEW YORK, Jan. 21, 2020 /PRNewswire/ -- CIT Group Inc.
(NYSE:CIT) will replace Tanger Factory Outlet Centers, Inc.
(NYSE:SKT) in the S&P MidCap 400 and Tanger Factory Outlet
Centers will replace McDermott International, Inc. (NYSE:MDR) in
the S&P SmallCap 600 effective prior to the open of trading on
Monday, January 27. McDermott
International announced it will file today to reorganize under
Chapter 11 of the U.S. Bankruptcy Code.
CIT Group Inc. provides banking and related services to
commercial and individual customers. Headquartered in
New York, NY, the company will be
added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Regional Banks Sub-Industry index.
Tanger Factory Outlet Centers operates and owns, or has an
ownership interest in, a portfolio of 39 upscale outlet shopping
centers. Headquartered in Greensboro,
NC, the company will be added to the S&P SmallCap 600
GICS Retail REITs Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – January 27, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
CIT Group
|
Financials
|
Regional
Banks
|
|
DELETED
|
Tanger Factory
Outlet Centers
|
Real
Estate
|
Retail
REITs
|
|
S&P SMALLCAP
600 INDEX – January 27, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Tanger Factory
Outlet Centers
|
Real
Estate
|
Retail
REITs
|
|
DELETED
|
McDermott
International
|
Energy
|
Oil & Gas
Equipment &
Services
|
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