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

An Index Share Update for Fortis Inc. (TSX:FTS)

TORONTO, Oct. 13, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

Fortis Inc. (TSX:FTS) has completed a plan of merger with ITC Holdings Corp. (NYSE: ITC). To reflect the issuance of common shares as part of the transaction, the relative weight of Fortis 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 Capped Utilities, the S&P/TSX Composite Dividend, the S&P/TSX 60 Carbon Efficient, the S&P/TSX 60 Fossil Fuel Free, the S&P/TSX 60 Fossil Fuel Free Carbon Efficient and the S&P/TSX 60 Fossil Fuel Free Carbon Efficient Select Indices after the close of trading on Thursday, October 20, 2016. There will be no change to the relative weight of Fortis in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Canadian Dividend Aristocrats, the S&P/TSX Composite Low Volatility or the S&P/TSX 60 Carbon Efficient Select Indices.

About S&P Dow Jones Indices

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

 

SOURCE S&P Dow Jones Indices

For further information: Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, tony.north@spglobal.com; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, david.blitzer@spglobal.com

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