S&P Dow Jones adds 12 issues to U.S. preferreds index, drops seven

New York, April 10 – S&P Dow Jones Indices announced that it will add 12 issues to its S&P U.S. Preferred Stock index and remove seven.

The changes are a result of the April rebalancing of the index and will be effective before the start of trading on April 24.

The following issues will be added:

• Apollo Global Management LLC’s non-cumulative redeemable preferred shares series A;

• Cedar Realty Trust Inc.’s 7¼% cumulative redeemable preferred shares series B;

• Chimera Investment Corp.’s cumulative redeemable preferred shares series B;

• First Republic Bank’s non-cumulative perpetual preferred shares series C;

• Just Energy Group Inc.’s cumulative preferred shares series A;

• Morgan Stanley’s non-cumulative preferred shares series K;

• New York Community Bancorp Inc.’s non-cumulative perpetual preferred shares series A;

• Pennsylvania Real Estate Investment Trust’s 7.2% cumulative redeemable perpetual preferred shares series C;

• PennyMac Mortgage Investment Trust’s cumulative redeemable preferred shares series A;

• Two Harbors Investment Corp.’s cumulative redeemable preferred shares series A;

• Virtus Investment Partners Inc.’s mandatory convertible preferred shares series D; and

• Colony NorthStar, Inc.’s 8½% cumulative redeemable preferred shares series D.

S&P Dow Jones will remove the following preferreds from the index:

• Commerce Bancshares Inc.’s 6% non-cumulative perpetual preferred shares series B;

• Dynegy Inc.’s 5 3/8 % mandatory convertible shares series A;

• GGP Inc.’s 6.375% cumulative redeemable series A preferred shares;

• Sunstone Hotel Investors Inc.’s cumulative redeemable preferred shares series E;

• Ventas Realty LP and Ventas Capital Corp.’s 5.45% guaranteed senior notes; and

• Wintrust Financial Corp.’s non-cumulative perpetual preferred shares series D.

S&P Dow Jones Indices is a New York-based provider of index-based concepts, data and research.

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