Cohen & Steers Announces Change in Realty Majors Portfolio Index
PR Newswire
NEW YORK, May 27, 2011
NEW YORK, May 27, 2011 /PRNewswire/ — Cohen & Steers, Inc. (NYSE: CNS) announced today a pending change to its Realty Majors Portfolio Index (RMP) as a result of the proposed merger of ProLogis and AMB Property Corp. expected to be completed on June 3, 2011. The changes to the index will become effective on the effective date of the merger. After the combination, AMB Property Corp. is the surviving corporation, but it will be renamed ProLogis and will trade under the NYSE symbol “PLD.”
Component change: |
Merger and Replacement |
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Index Name: |
Cohen & Steers Realty Majors Portfolio Index |
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Index Symbol: |
RMP |
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Calculation method: |
Free-Float Adjusted Modified Market Capitalization Weighted Index |
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Replacement component symbol: |
GGP |
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Replacement component name: |
General Growth Properties, Inc. |
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The Realty Majors Portfolio Index is a free-float adjusted, modified market capitalization weighted total return index of selected real estate equity securities. It is quoted intraday on a real-time basis by the Chicago Mercantile Exchange under the symbol RMP. The index’s modified capitalization-weighted approach and qualitative screening process emphasize companies that the Cohen & Steers Index Committee believes are leading the securitization of real estate in the United States.
RMP can be used as an indexing benchmark, stock selection universe, underlying index for derivative instruments or performance benchmark. All index weightings are independently calculated by Standard & Poor’s.
SOURCE Cohen & Steers, Inc.; Realty Majors Portfolio Index
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