Windstream REIT spinoff CS&L to join MidCap 400; Cliffs out

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Windstream REIT spinoff CS&L to join MidCap 400; Cliffs out

posted on Apr 22, 2015 08:58AM

Windstream REIT spinoff CS&L to join MidCap 400; Cliffs out

Seeking Alpha
By: Jason Aycock, SA News Editor
Apr 21 2015

Windstream (WIN +2.1%) spinoff Communications Sales & Leasing (CSAL; currently trading when-issued at CSALV) will replace Cliffs Natural Resources (NYSE:CLF) in the S&P MidCap 400 after Friday's close, pending the spinoff's completion around then.
Cliffs, down 4.4% today, has a market cap below $800M and is no longer representative of the mid-cap space, the indexers said.
Windstream will remain in the MidCap 400 after the spinoff.

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