Trizec Properties Inc., Chicago, will replace AMLI Residential Properties Trust, Chicago, in the S&P REIT Composite Index after the close of trading on a date to be announced, Standard & Poor's has announced.S&P said the reason for the change is that AMLI, an umbrella partnership REIT, is being acquired by Prime Property Fund LLC in a deal that is still pending final approval. Trizec's portfolio of commercial office properties is concentrated in the metropolitan areas of seven major U.S. cities. S&P can be found online at http://www.standardandpoors.com.
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The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
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