US Index Update

Research evidence excerpt

US Index Update

Global Quantitative and Derivatives Strategy Team Min Moon

Week of Jun 29, 2026 As of Jul 2, 2026 (Close) g +1 (212) 272 ,8456 min.k.moon@jpmorgan.comg

Monday, July 6, 2026

• SP400 The Middleby Corporation (XNAS: MIDD) agreed to spin-off its food processing business to be named Midera Food Processing Inc (XNAS: MFP). Shareholders will receive 1 MFP for every MIDD held. The distribution is

expected to be completed July 7. SPDJI will treat the distribution as a zero price spin off.

Tuesday, July 7, 2026

• SP400 Midera Food Processing Inc. (NASD: MFP) will replace Redwood Trust Inc. (NYSE: RWT) effective prior to the opening of trading on Wednesday, July 8. S&P MidCap 400 constituent The Middleby Corp. (NASD: MIDD) is

SP600 spinning off Midera Food Processing in a transaction that is expected to close July 7. Redwood Trust is no longer representative of the small cap market space.

Monday, July 13, 2026

• SP600 Centrus Energy Corp. (NYSE: LEU) will replace Whitestone REIT (NYSE: WSR) effective prior to the opening of trading on Tuesday, July 14. S&P 500 constituent Ares Management Corp. (NYSE: ARES) is acquiring

Whitestone REIT in a deal expected to close on or about that date, pending final closing conditions.

Shares Out (M) Indexer Flows S&P Index

Index Announcement Effective on Current New Weight Days to

Event Date Close of Ticker Name (Sector**) Event Detail Last Price Wgt Wgt Change Gross Net Trade Old New Shares Shares Rank IWF

(M) (M)

S&P 400 Add 2-Jul-26 6-Jul-26 MFP Midera Food Processing Inc Spin-off from MIDD $ 36.01 0.00 45.21 0.92

S&P 400 Delete 2-Jul-26 7-Jul-26 MFP Midera Food Processing Inc Moving to S&P 600 $ 36.01 45.21 0.00 -4.37 0.40 0.92