PR Newswire | Dec 11, 2020 06:00PM EST

12/11 16:59 CST

Tesla Set to Join S&P 500 & 100; Apartment Income REIT to Join S&P MidCap 400 NEW YORK, Dec. 11, 2020

NEW YORK, Dec. 11, 2020 /PRNewswire/ --S&P Dow Jones Indices will make the following changes to the S&P 500, S&P 100 and S&P MidCap 400 effective prior to the open of trading on Monday, December 21:

As previously announced on November 16, Tesla Inc. (NASD:TSLA) will be added to the S&P 500. Tesla will replace Apartment Investment and Management Co. (NYSE:AIV). Tesla will also be added to the S&P 100, replacing Occidental Petroleum Corp. (NYSE:OXY). Occidental Petroleum will remain in the S&P 500. Apartment Income REIT Corp. (NYSE:AIRC) will replace Dunkin' Brands Group Inc. (NASD:DNKN) in the S&P MidCap 400. Apartment Investment and Management is spinning off Apartment Income REIT in a transaction expected to be completed post close on Monday, December 14. Post spin-off, Apartment Investment and Management will no longer be representative of the S&P Composite 1500 indices market cap ranges. Inspire Brands Inc. is acquiring Dunkin' Brands Group in a tender offer expected to expire on or about Tuesday, December 15.

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

Effective DateIndex Name Action Company Name TickerGICS Sector

Dec. 21, 2020 S&P 500 AdditionTesla TSLA Consumer Discretionary

Dec. 21, 2020 S&P 500 DeletionApartment Investment & MgtAIV Real Estate

Dec. 21, 2020 S&P 100 AdditionTesla TSLA Consumer Discretionary

Dec. 21, 2020 S&P 100 DeletionOccidental Petroleum OXY Energy

Dec. 21, 2020 S&P MidCap 400 AdditionApartment Income REIT AIRC Real Estate

Dec. 21, 2020 S&P MidCap 400 DeletionDunkin' Brands Group DNKN Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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SOURCE S&P Dow Jones Indices