IAC Set to Join S&P SmallCap 600

Core Points - IAC Inc. will replace American Equity Investment Life Holding Company in the S&P SmallCap 600 effective May 6, 2024 [1] - Brookfield Reinsurance is acquiring American Equity Investment Life Holding Company, with the deal expected to be completed before May 3, 2024 [1] Summary by Category Index Changes - Effective Date: May 6, 2024 - Addition: IAC (Ticker: IAC) in the S&P SmallCap 600, classified under Communication Services [1] - Deletion: American Equity Investment Life Holdings (Ticker: AEL) from the S&P SmallCap 600, classified under Financials [1] Acquisition Details - Brookfield Reinsurance is the acquirer of American Equity Investment Life Holding Company [1] - The acquisition is anticipated to finalize before the market opens on May 3, 2024 [1]