Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

TORONTO, Feb. 1 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

  • The shareholders of DundeeWealth Inc. (TSX:DW) have accepted the cash and share takeover offer from Bank of Nova Scotia (TSX:BNS). DundeeWealth will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity, Capped Equity and Equity Completion, the S&P/TSX Completion, the S&P/TSX Capped Financials and the S&P/TSX Composite Dividend indices. The relative weight of Bank of Nova Scotia will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX MegaCap, the S&P/TSX Capped Financials, the S&P/TSX  Equity Income and the S&P/TSX Composite Dividend indices to reflect the issuance of Bank of Nova Scotia shares. There will be no change to the weight Bank of Nova Scotia in the S&P/TSX 60 Equal Weight, Equal Weight Diversified Banks or the S&P/TSX 60 130/30 Strategy Index. These changes will be effective after close on Monday, February 7, 2011.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

SOURCE Standard

For further information:

Tony North
Standard & Poor's
Director, Canadian Index Services
(416) 507-3204
tony_north@standardandpoors.com
David R. Guarino
Standard & Poor's
Communications                        
(212) 438-1471
dave_guarino@standardandpoors.com

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Standard & Poor's Canadian Index Operations

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