Orion Office REIT Set to Join S&P SmallCap 600

Rhea-AI Summary

Orion Office REIT will replace Daktronics in the S&P SmallCap 600, effective November 16, 2021. This change follows Realty Income Corp.'s spinoff of Orion Office REIT, expected to complete on November 15, 2021. Daktronics is deemed unrepresentative of the small-cap market space. The shift indicates a restructuring within the index, impacting investor sentiment and market positioning. Keep an eye on the performance of ONL and DAKT stocks post these changes.

Positive

• Orion Office REIT is being added to the S&P SmallCap 600, which may enhance its visibility and attract more investors.
• The transition follows Realty Income Corp.'s spinoff, indicating potential growth opportunities for Orion Office REIT.

Negative

• Daktronics is being removed from the S&P SmallCap 600, which may lead to decreased investor interest and liquidity.
• The removal indicates that Daktronics is no longer considered representative of the small-cap market, potentially affecting its stock performance.

NEW YORK, Nov. 9, 2021 /PRNewswire/ -- Orion Office REIT Inc. (NYSE: ONL) will replace Daktronics Inc. (NASD: DAKT) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 16. S&P 500 constituent Realty Income Corp. (NYSE: O) is spinning off Orion Office REIT in a transaction expected to be completed on November 15. Daktronics is no longer representative of the small-cap market space.

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
November 16, 2021	S&P SmallCap 600	Addition	Orion Office REIT	ONL	Real Estate
	S&P SmallCap 600	Deletion	Daktronics	DAKT	Industrials

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View original content:https://www.prnewswire.com/news-releases/orion-office-reit-set-to-join-sp-smallcap-600-301420499.html

SOURCE S&P Dow Jones Indices

FAQ

When will Orion Office REIT replace Daktronics in the S&P SmallCap 600?

Orion Office REIT will replace Daktronics on November 16, 2021.

What does the addition of Orion Office REIT to the S&P SmallCap 600 mean?

The addition may increase visibility and attract more investment to Orion Office REIT.

Why is Daktronics being removed from the S&P SmallCap 600?

Daktronics is considered unrepresentative of the small-cap market space.

What is the ticker symbol for Orion Office REIT?

The ticker symbol for Orion Office REIT is ONL.

What is the ticker symbol for Daktronics?

The ticker symbol for Daktronics is DAKT.

Which company is responsible for the spinoff of Orion Office REIT?

Realty Income Corp. is responsible for the spinoff of Orion Office REIT.