3M to remain in Dow Jones Industrial Average after Spin-off Transaction

NEW YORK, March 27, 2024: Effective before the open on Monday, April 1, 2024, 3M Co. (Exchange: XNYS, Ticker: MMM) will spin-off to its shareholders Solventum Corp. (Exchange: XNYS, Ticker: SOLV). After the spin-off transaction, 3M will remain in the Dow Jones Industrial Average. The spin-off company will not be added to the Dow Jones Industrial Average. S&P Dow Jones Indices will apply a price adjustment to 3M and an adjustment to the index divisor.

The spin-off transaction won't disrupt the level of the index. The divisor used to calculate the index from the components' prices on their respective home exchanges will be changed prior to the opening on April 1. This procedure prevents any distortion in the index's reflection of the part of the U.S. stock market it is designed to measure. The new divisors can be found in the end-of-day index level files (*.SDL) via the S&P Dow Jones Indices FTP (EDX) site beginning on Thursday March 28, 2024.

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