S&P adds seven issues to S&P U.S. Preferred Stock index, removes five

By Toni Weeks

San Luis Obispo, Calif., April 6 – S&P Dow Jones Indices announced changes to the S&P U.S. Preferred Stock index.

In its April rebalancing, the company added

• The depositary shares representing 1/1000th 6.5% series Y non-cumulative preferred shares of Bank of America Corp.;

• The depositary shares representing 1/400th non-cumulative series Y preferred shares of JPMorgan Chase & Co.;

• The series A preferred shares of Actavis plc;

• The 7.5% series 4 cumulative redeemable preferred shares B of CHS Inc.;

• The depositary shares representing 1/10th 5.5% mandatorily convertible cumulative preferred shares of American Tower Corp.;

• The depositary shares representing 1/20th series B mandatorily convertible cumulative preferred shares of Southwestern Energy Co.; and

• The depositary shares representing 1/40th 7.5% series D non-cumulative preferred shares of AmTrust Financial Services Inc.

S&P also deleted the following issues from the index:

• The 5.75% senior notes 2012-25 8.42 of American Financial Group Inc.;

• The 8.5% series C cumulative redeemable perpetual preferred shares of Costamare Inc.;

• The 5.1% series D cumulative perpetual preferred shares of Interstate Power & Light Co.;

• The 6 3/8% series I cumulative redeemable preferred shares of beneficial interest of LaSalle Hotel Properties; and

• The Royal Bank of Scotland Group plc sponsored ADR class F preferred shares.

New York-based S&P Dow Jones Indices is a part of McGraw Hill Financial and provides index-based concepts, data and research.

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