High Liner Foods Announces Inclusion in the S&P/TSX SmallCap Index
LUNENBURG, NS, Sept. 20, 2012 /CNW/ - High Liner Foods Incorporated (TSX: HLF; HLF.A), the leading North American value-added frozen seafood company, is pleased to announce that High Liner Foods will be added to the S&P/TSX SmallCap Index, effective after the close of trading on Friday, September 21, 2012. Standard and Poor's Canadian Index Operations announced this addition on September 14, 2012, following results of their annual review of the S&P/TSX SmallCap Index.
"The addition of High Liner Foods to the S&P/TSX SmallCap Index is another important milestone in our history as a publicly traded company. Our inclusion in this index is expected to increase our exposure to a broader range of potential investors and provide for enhanced trading liquidity of our stock," said Henry Demone, president and CEO.
The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted and was developed with industry input as the ideal benchmark for those with small cap exposure of the Canadian equity market. The Toronto Stock Exchange (TSX) serves as the distributor of both real-time and historical data for this index.
About High Liner Foods Incorporated
High Liner Foods Incorporated is the leading North American processor and marketer of prepared, value-added frozen seafood. High Liner's branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Royal Sea labels, and are available in most grocery and club stores. The Company also sells its products under the High Liner, FPI, Mirabel, Viking, Icelandic Seafood, Samband of Iceland, Seastar, and Seaside brands to restaurants and institutions, and is the major supplier of private label seafood products to North American food retailers and food service distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbols HLF and HLF.A on the Toronto Stock Exchange.
This document contains forward-looking statements. Forward-looking statements can generally be identified by the use of the conditional tense, the words "may", "should", "would", "believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee", "objective" or "continue" or the negative of these terms or variations of them or words and expressions of similar nature. Specific forward-looking statements in this document include, but are not limited to expectations with respect to: the increase in exposure to a broader range of potential investors and enhanced trading liquidity of High Liner stock. The statements are not a guarantee of future performance. By their nature, forward-looking statements involve uncertainties and risks that the forecasts and targets will not be achieved. Readers are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from those expressed in such forward-looking statements. We include in publicly available documents filed from time to time with securities commissions and The Toronto Stock Exchange, a discussion of the risk factors that can cause anticipated outcomes to differ from actual outcomes. Except as required under applicable securities legislation, we do not undertake to update forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, whether as a result of new information, future events or otherwise.
SOURCE: High Liner Foods IncorporatedFor further information:
Executive Vice President and Chief Financial Officer
High Liner Foods Incorporated
Tel: (902) 634-6200
Tel: (416) 815-0700 ext.242