S&P Announces Index Changes

Standard & Poor's has announced that General Growth Properties will replace Mellon Financial Corp. in the S&P 500 and that two other real estate investment trusts will be replaced in the S&P REIT Composite Index.GGP, a Chicago-based REIT, will replace Mellon in the S&P 500 after the close of trading on June 29 because the latter is merging with The Bank of New York Co. to create The Bank of New York Mellon Corp., S&P reported. Supertel Hospitality Inc., Norfolk, Neb., will replace Winston Hotels Inc. in the S&P REIT Composite after the close of trading on June 29 because Winston is being acquired by Inland American Real Estate Trust Inc. In addition, Republic Property Trust, Herndon, Va., will replace Innkeepers USA Trust after the close of trading on June 29 because Innkeepers is being acquired by Apollo Investment Corp.