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 | 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 | AEL | Financials |
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