(MENAFNEditorial) NEW YORK, June 26, 2017 /PRNewswire/ --S & P SmallCap 600 constituent Blackbaud Inc. (NASD: BLKB) will replace CST Brands Inc. (NYSE: CST) in the S & P MidCap 400, and National Storage Affiliates Trust (NYSE: NSA) will replace Blackbaud in the S & P SmallCap 600 effective prior to the open on Thursday, June 29. Alimentation Couche-Tard Inc. is acquiring CST Brands in a deal expected to be completed soon pending final closing conditions.
Blackbaud provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities. Headquartered in Charleston, SC, the company will be added to the S & P MidCap 400 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
National Storage Affiliates, a real estate investment trust (REIT), engages in ownership, operation, and acquisition of self-storage facilities. Headquartered in Greenwood Village, CO, the company will be added to the S & P SmallCap 600 GICS Specialized REITs Sub-Industry index.
Following is a summary of the changes:
S & P MIDCAP 400 INDEX – June 29, 2017
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Blackbaud
Information Technology
Application Software
DELETED
CST Brands
Consumer Discretionary
Automotive Retail
S & P SMALLCAP 600 INDEX – June 29, 2017
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
National Storage
Affiliates
Real Estate
Specialized REIT's
DELETED
Blackbaud
Information Technology
Application Software
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FOR MORE INFORMATION:
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(+1) 212 438 2297
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(+1) 212 438 3907
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SOURCE S & P Dow Jones Indices
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