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

TORONTO, Dec. 22 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes: 

  • The shareholders of Petrobank Energy and Resources Ltd. (TSX:PBG) and Petrominerales Ltd. (TSX:PMG) have approved the Arrangement Agreement whereby Petrobank shareholders will receive Petrobank's proportionate interest in Petrominerales. Shareholders of Petrobank will receive 0.614 common shares of Petrominerales for each common share held. Petrominerales will also change its domicile to Canada. The distributed shares of Petrominerales will be added the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion and the S&P/TSX Capped Energy Indices. These changes will all be effective after the close of trading on Friday, December 24, 2010

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, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. 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.

About Standard & Poor's

McGraw-Hill Financial, a part of The McGraw-Hill Companies (NYSE: MHP), is a leading provider of research and analytical tools for investment advisors, wealth managers and institutional investors. It deploys the latest innovative technology strategies to deliver to customers a portfolio of cross-asset analytics, integrated desktop services, valuation and index benchmarks and investment recommendations in the rapidly growing $16 billion financial information, data and analytics market.

 

SOURCE Standard & Poor's Canadian Index Operations

For further information: For further information:

Tony North
(416) 507-3204
sp_index@standardandpoors.com
Dave Guarino
1 212 438 1471
Dave_guarino@standardandpoors.com

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Standard & Poor's Canadian Index Operations

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