PR Newswire | Aug 11, 2020 05:53PM EDT

Join S&P SmallCap 600

08/11 16:52 CDT

Builders FirstSource Set to Join S&P MidCap 400; FB Financial & CoreCivic to Join S&P SmallCap 600 NEW YORK, Aug. 11, 2020

NEW YORK, Aug. 11, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400 effective prior to the opening of trading on Monday, August 17:

FB Financial Corp. (NYSE:FBK) will replace Franklin Financial Network Inc. (NYSE:FSB) in the S&P SmallCap 600. FB Financial (NYSE: FBK) is acquiring Franklin Financial Network in a deal expected to be completed soon pending final conditions.

Builders FirstSource Inc. (NASD:BLDR) will replace CoreCivic Inc. (NYSE:CXW) in the S&P MidCap 400, and CoreCivic will replace Valaris plc (NYSE:VAL) in the S&P SmallCap 600. Valaris is no longer representative of the small-cap market space. CoreCivic is more representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Index Action Company Name TickerGICS SectorDate Name

August 17, S&P SmallCap AdditionFB Financial FBK Financials 2020 600

August 17, S&P SmallCap DeletionFranklin Financial FSB Financials 2020 600 Network

August 17, S&P MidCap AdditionBuilders FirstSource BLDR Industrials2020 400

August 17, S&P MidCap DeletionCoreCivic CXW Real Estate2020 400

August 17, S&P SmallCap AdditionCoreCivic CXW Real Estate2020 600

August 17, S&P SmallCap DeletionValaris VAL Energy 2020 600

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SOURCE S&P Dow Jones Indices