BlackRock Joins the S&P 500
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April 6 - As of April 4, 2011, BlackRock was added to the Standard & Poor's 500 - a world-renowned index. Inclusion in the index is a milestone for the firm, reflecting BlackRock’s (NYSE:BLK) standing as a leading company in the US, driven by our powerful global footprint. Since its first publication in 1957, the S&P 500 has been widely regarded as the best single gauge of the large cap US equities market, capturing 75% coverage of US equities. Companies are considered for addition to the index based on several criteria, and one of these is a public float of at least 50%. BlackRock achieved this through the Secondary Offering last November which transformed and diversified ownership of the firm. Judged by full market capitalization as of April 4th, BlackRock will be the 75th-largest company in the Index and will be the largest of the 11 companies classified as Asset Management and Custody Banks in the S&P 500.