Tesla Set to Join S&P 500 & 100; Apartment Income REIT to Join S&P MidCap 400

<br /> Tesla Set to Join S&P 500 & 100; Apartment Income REIT to Join S&P MidCap 400<br />


NEW YORK

,

Dec. 11, 2020

/PRNewswire/ —


S&P Dow Jones Indices will make the following changes to the S&P 500, S&P 100 and S&P MidCap 400 effective prior to the open of trading on

Monday, December 21

:

As previously announced on

November 16

, Tesla Inc. (NASD:TSLA) will be added to the S&P 500. Tesla will replace Apartment Investment and Management Co. (NYSE:AIV). Tesla will also be added to the S&P 100, replacing Occidental Petroleum Corp. (NYSE:OXY). Occidental Petroleum will remain in the S&P 500. Apartment Income REIT Corp. (NYSE:AIRC) will replace Dunkin’ Brands Group Inc. (NASD:DNKN) in the S&P MidCap 400. Apartment Investment and Management is spinning off Apartment Income REIT in a transaction expected to be completed post close on

Monday, December 14

. Post spin-off, Apartment Investment and Management will no longer be representative of the S&P Composite 1500 indices market cap ranges. Inspire Brands Inc. is acquiring Dunkin’ Brands Group in a tender offer expected to expire on or about

Tuesday, December 15

.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:



Effective Date



Index Name



Action



Company Name



Ticker



GICS Sector



Dec. 21, 2020


S&P 500


Addition


Tesla


TSLA


Consumer Discretionary



Dec. 21, 2020


S&P 500


Deletion


Apartment Investment & Mgt


AIV


Real Estate



Dec. 21, 2020


S&P 100


Addition


Tesla


TSLA


Consumer Discretionary



Dec. 21, 2020


S&P 100


Deletion


Occidental Petroleum


OXY


Energy



Dec. 21, 2020


S&P MidCap 400


Addition


Apartment Income REIT


AIRC


Real Estate



Dec. 21, 2020


S&P MidCap 400


Deletion


Dunkin’ Brands Group


DNKN


Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit

www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since

Charles Dow

invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit

www.spdji.com

.


FOR MORE INFORMATION:


S&P Dow Jones Indices



[email protected]


Media Inquiries



[email protected]

Cision
View original content:

http://www.prnewswire.com/news-releases/tesla-set-to-join-sp-500–100-apartment-income-reit-to-join-sp-midcap-400-301191493.html

SOURCE S&P Dow Jones Indices