Ramco-Gershenson Properties Set to Join S&P SmallCap 600

Company Release - 05/05/2017 18:00

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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FOR MORE INFORMATION:

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

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SOURCE S&P Dow Jones Indices