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PacWest Bancorp Set to Join S&P MidCap 400; ManTech International to Join S&P SmallCap 600

NEW YORK, April 2, 2014 /PRNewswire/ -- S&P SmallCap 600 constituent PacWest Bancorp (NASD: PACW) will replace ManTech International Corp. (NASD: MANT) in the S&P MidCap 400, and ManTech International will replace PacWest Bancorp in the S&P SmallCap 600 after the close of trading on Monday, April 7. PacWest is acquiring CapitalSource Inc. (NYSE: CSE) in a deal expected to be completed on that date, pending final conditions. PacWest will have a post-merger market capitalization that is more representative of the mid-cap market space. ManTech International's current market capitalization is more representative of the small-cap market space.

PacWest Bancorp provides commercial banking products and services. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

ManTech International provides technologies and solutions for mission-critical national security programs. Headquartered in Fairfax, VA, the company will be added to the S&P SmallCap 600 GICS IT Consulting & Other Services Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – April 7, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PacWest Bancorp

Financials

Regional Banking

DELETED

ManTech International

Information Technology

IT Consulting & Other Services

 

S&P SMALLCAP 600 INDEX – April 7, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

ManTech International

Information Technology

IT Consulting & Other Services

DELETED

PacWest Bancorp

Financials

Regional Banking

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third

parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
[email protected]
(212) 438-3907

SOURCE S&P Dow Jones Indices

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