Standard & Poor’s Announces Changes to U.S. Indices

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Federal Home Loan Mortgage Corp. (FRE) will be removed from the S&P 500 after the close of trading on Wednesday, September 10. Its place in the S&P 500 will be taken by Salesforce.com (CRM), which will be added after the close of trading on Friday, September 12. As of today's close of trading Federal Home Loan Mortgage Corp. had a market capitalization of ~$614 mln, whereas the minimum market cap a company must maintain in order to be eligible for admission to the index is $5 bln. Federal National Mortgage Association (FNM) will be removed from the S&P 500 after the close of trading on Wednesday, September 10. Its place in the S&P 500 will be taken by S&P MidCap 400 constituent Fastenal (FAST), which will be added after the close of trading on Friday, September 12. Fastenal will be replaced in the S&P MidCap 400 by S&P SmallCap 600 and S&P REIT Composite constituent Essex Property Trust Inc. (ESS), and Essex Property Trust will be replaced in the S&P SmallCap 600 by Stifel Financial Corp. (SF), all after the close of trading on Friday, September 12. As of today's close of trading Federal National Mortgage Association had a market capitalization of approximately $1.04 billion, whereas the minimum market cap a company must maintain in order to be eligible for admission to the index is $5 billion. United Therapeutics Corp. (UTHR) will replace Lee Enterprises (LEE) in the S&P MidCap 400 after the close of trading on Friday, September 12. As of today's close of trading Lee Enterprises had a market capitalization of approximately $151 million, ranking 400th in the index. -- Briefing.com