S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

A Share Issuance by an S&P/TSX Composite Index Constituent

TORONTO, July 8, 2014 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

Element Financial Corporation (TSX:EFN) has announced the completion of the acquisition of certain fleet-management assets from PHH Corp.(NYSE:PHH). The relative weight of Element Financial will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and the S&P/TSX Capped Financials Indices to reflect the issuance of new common shares as part of the transaction. The relative weight of Element Financial will not change in the S&P/TSX Composite Equal Weight Index. These index changes will be effective after the close of trading on Tuesday, July 15, 2014.

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For further information:

Tony North
Director, Canadian Index Operations
S&P Dow Jones Indices
(+) 416 507 3204
tony.north@spdji.com

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com