NEW YORK, Nov. 9 /PRNewswire/ -- UCBH Holdings Inc. (Nasdaq: UCBH - News) will be deleted from the S&P SmallCap 600 after the close of trading on Tuesday, November 10. The company's main subsidiary has been placed into Federal Deposit Insurance Corporation receivership.
UCBH's place in the S&P SmallCap 600 will be taken by Lumber Liquidators Inc. (NYSE: LL - News) effective after the close of trading on Monday, November 16. The S&P SmallCap 600 will trade with 599 stocks until that time.
Standard & Poor's will monitor this action, and post any relevant updates on its website: www.standardandpoors.com.
Lumber Liquidators is a specialty retailer of hardwood flooring. Headquartered in Toano, VA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Home Improvement Retail Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - NOVEMBER 10, 2009
-------------------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
--------- ----------------------- -----------------
DELETED UCBH Financials Regional Banks
Holdings
-------- --------- ----------------------- -----------------
S&P SMALLCAP 600 INDEX - NOVEMBER 16, 2009
--------------------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
---------- ----------------------- -----------------
ADDED Lumber Consumer Discretionary Home Improvement
Liquidators Retail
------ ----------- ----------------------- ----------------
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP - News), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
.
Copyright © 2009 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.