Tesla (TSLA) Set to Replace Apartment Investment and Management (AIV) in S&P 500; Apartment Income REIT (AIRC) to Join S&P MidCap 400 (Earlier)

December 14, 2020 7:35 AM EST

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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. (NASDAQ: 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. (NASDAQ: 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



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