Blackbaud Set to Join S&P MidCap 400; National Storage Affiliates Trust to Join S&P SmallCap 600

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:

Soogyung Jordan
Global Head of Communications 
New York, USA
([phone]
[e-mail]

David Blitzer
Managing Director and Chairman of the Index Committee 
New York, USA
([phone]
[e-mail] 

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SOURCE S&P Dow Jones Indices

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