S&P Dow Jones changes methodology of S&P U.S. Preferred Stock index

By Tali Rackner

Norfolk, Va., May 15 – S&P Dow Jones Indices removed the rule requiring a minimum of 15 trust preferred issues be included in the S&P U.S. Preferred Stock index, according to a press release.

Trust preferreds will remain eligible for inclusion in the index, and existing issues will remain in the index as long as they continue to meet all other eligibility requirements, the release said.

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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