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OOK Most recent trade: $33.70 Today's Change: 0.00

SPADE® Oklahoma Index
Requirements for Initial Inclusion

  • Corporate headquarters within the State of Oklahoma or who maintain significant operations there
  • Listed on the New York Stock Exchange (NYSE) or quoted on the NASDAQ.
  • A minimum $100 million market valuation
  • A minimum $5.00 daily sale price
  • Maintain sufficient liquidity

    Calculation Methodology
    The SPADE Oklahoma Index is calculated using a modified market capitalization weighting methodology. The components market capitalization weights are modified to conform to asset diversification rules, which are applied in conjunction with the scheduled quarterly updates to the Index.

    Maintenance of the Index: Mergers, Dividends, Share Changes
  • In the event of a merger between two components, the share weight of the surviving entity may be adjusted to account for any shares issued in the acquisition.
  • ISBC/SPADE Indexes may substitute components or change the number of issues included in the SPADE Oklahoma Index, based on changing conditions in the marketplace or in the event of certain types of corporate actions, including mergers, acquisitions, spin-offs and reorganizations.
  • In the event of component or share weight changes to the SPADE Oklahoma Index portfolio, the payment of dividends other than ordinary cash dividends, spin-offs, rights offerings, re-capitalizations or other corporate actions affecting a component of the SPADE Oklahoma Index, the SPADE Oklahoma Index divisor may be adjusted to ensure that there are no changes to the SPADE Oklahoma Index level as a result of nonmarket forces.
  • For changes in a component's shares outstanding greater than 5% due to a merger, acquisition or spin-off, an adjustment will be made effective after the close on the effective date of the corporate action. Share changes less than 5% are made during the scheduled quarterly updates to the SPADE Oklahoma Index.

    Review Frequency: Quarterly
    Changes to the SPADE Oklahoma Index composition and/or the component share weights in the SPADE Oklahoma Index typically take effect after the close of trading on the next to last business day of each calendar quarter month (Rebalance Date) - March, June, September, December. The components and weights will be determined and announced at the close of trading two days prior to the Rebalance Date. In conjunction with the quarterly review, the share weights used in the calculation of the SPADE Oklahoma Index are updated based upon current shares.

    Requirements for Continued Inclusion
  • Corporate headquarters within the State of Oklahoma or who maintain significant operations within the State
  • Listed on the New York Stock Exchange or quoted on the NASDAQ.
  • A minimum $75 million market valuation
  • A minimum $3.00 daily sale price
  • Maintain sufficient liquidity

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