IAC Set to Join S&P SmallCap 600
NEW YORK, May 1, 2024 /PRNewswire/ — IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE: AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (NYSE/ TSX: BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective
Date
Index Name
Action
Company Name
Ticker
GICS Sector
May 6, 2024
S&P SmallCap 600
Addition
IAC
IAC
Communication Services
S&P SmallCap 600
Deletion
American Equity
Investment Life Holdings
AEL
Financials
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