A Relative Weight Change for Canadian Pacific Railway Limited (TSX:CP)
TORONTO, Aug. 10, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Canadian Pacific Railway Limited (TSX:CP) has announced that Pershing Square Capital Management L.P. has sold its entire 9.8 million shares in the company. To reflect the increase in float shares of Canadian Pacific as a result of this divestiture, the relative weight of Canadian Pacific will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60, 60 Capped and 60 ESG, the S&P/TSX 60 Carbon Efficient, the S&P/TSX Composite Dividend, the S&P/TSX 60 Fossil Fuel Free, the S&P/TSX 60 Fossil Fuel Free Carbon Efficient, the S&P/TSX Capped Industrials and the S&P/TSX Composite Buyback Indices. There will be no change to the relative weight for Canadian Pacific in the S&P/TSX Composite Equal Weight, the S&P/TSX Equal Weight Industrials or the S&P/TSX 60 Equal Weight Indices. These changes will be effective after the close of trading on Wednesday, August 17, 2016.
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For further information: Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, firstname.lastname@example.org; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, email@example.com