Federal Realty Investment Trust Set to Join the S&P 500; Curtiss-Wright, Pool to Join S&P MidCap 400; Cray, Asbury Automotive to Join S&P SmallCap 600

NEW YORK, Jan. 22, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

• S&P MidCap 400 constituent Federal Realty Investment Trust (NYSE: FRT) will replace Broadcom Corp. (NASD: BRCM) in the S&P 500, S&P SmallCap 600 constituent Curtiss-Wright Corp. (NYSE: CW) will replace Federal Realty Trust in the S&P MidCap 400, and Cray Inc. (NASD: CRAY) will replace Curtiss-Wright in the S&P SmallCap 600 after the close of trading on Friday, January 29. S&P 500 constituent Avago Technologies Ltd. (NASD: AVGO) is acquiring Broadcom in a deal expected to be completed on or about February 1 pending final conditions.
• S&P SmallCap 600 constituent Pool Corp. (NASD: POOL) will replace BioMed Realty Trust Inc. (NYSE: BMR) in the S&P MidCap 400, and Asbury Automotive Group Inc. (NYSE: ABG) will replace Pool in the S&P SmallCap 600 after the close of trading on Tuesday, January 26. Private equity firm Blackstone Real Estate Partners is acquiring BioMed Realty Trust in a deal expected to be completed on or about that date pending final approvals.

Federal Realty Investment Trust, a real estate investment trust (REIT), engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. Headquartered in Rockville, MD, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.

Curtiss-Wright designs, manufactures, and overhauls precision components, and engineered products and services. Headquartered in Charlotte, NC, the company will be added to the S&P MidCap 400 Aerospace & Defense Sub-Industry index.

Cray designs, develops, manufactures, markets, and services high-performance computing systems. Headquartered in Seattle, WA, the company will be added to the S&P SmallCap 600 GICS Technology Hardware, Storage & Peripherals Sub-Industry index.

Pool distributes swimming pool supplies, equipment, and related leisure products. Headquartered in Covington, LA, the company will be added to the S&P MidCap 400 GICS Distributors Sub-Industry index.

Asbury Automotive Group operates as an automotive retailer.  Headquartered in Duluth, GA, the company will be added to the S&P SmallCap 600 GICS Automotive Retail Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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