Public Storage Inc., Glendale, Calif., will replace Delta Air Lines in the S&P 500 after the close of trading Aug. 18, Standard & Poor's has announced.S&P said the reason for the change is that Delta's market capitalization had declined to approximately $200 million as of Aug. 15, ranking 500th in the index. Public Storage is a real estate investment trust that invests primarily in self-service storage facilities. S&P also announced that homebuilder M/I Homes Inc., Columbus, Ohio, will replace Accredo Health Inc. in the S&P SmallCap 600 after the close of trading Aug. 18. S&P can be found online at http://www.standardandpoors.com.
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