TORONTO, Oct. 17 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:
- The shareholders of Fording Canadian Coal Trust (TSX:FDG.UN) have
accepted the cash and share offer from Teck Cominco Ltd. (TSX:TCK.B).
Fording will be removed from the S&P/TSX Composite and Capped
Composite, the S&P/TSX Income Trust, the S&P/TSX 60 and 60 Capped, the
S&P/TSX Global Mining, the S&P/TSX Capped Materials and the S&P/TSX
Capped Diversified Metals & Mining Indices. Fortis Inc. (TSX:FTS) will
be removed from the S&P/TSX Completion and Equity Completion indices
and placed in the S&P/TSX 60, 60 Capped and Equity 60 indices. The
relative weight of Teck Cominco will increase in the S&P/TSX Composite
and Capped Composite, the S&P/TSX 60, 60 Capped and Equity 60, the
S&P/TSX Equity and Capped Equity, the S&P/TSX Global Mining, the
S&P/TSX Capped Materials and the S&P/TSX Capped Diversified Metals &
Mining Indices to reflect the issuance of shares as part of the
transaction. These transactions will be effective after the close of
Friday, October 24, 2008.
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 Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider,
maintains a wide variety of investable and benchmark indices to meet an array
of investor needs. Its family of indices includes the S&P 500, an index with
$1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global
1200, a composite index comprised of seven regional and country headline
indices. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP),
is the world's foremost provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 8,500 employees, including wholly owned affiliates,
located in 23 countries and markets, Standard & Poor's is an essential part of
the world's financial infrastructure and has played a leading role for more
than 140 years in providing investors with the independent benchmarks they
need to feel more confident about their investment and financial decisions.
For more information, visit: www.standardandpoors.com.
For further information:
For further information: Tony North, Tel. (416) 507-3200,
email@example.com; Dave Guarino, (212) 438-1471,