TORONTO, May 19 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- On May 18, 2010, Sears Canada Inc. (TSX:SCC) announced the payment of
a special dividend of $3.50 per share. The ex-date for this payment
is Thursday, May 27, 2010. It is anticipated that the value of the
special dividend will be over 4% of the last traded board-lot price
of Sears Canada on Wednesday, May 26, 2010. On that date, the last
traded board-lot price of Sears Canada will be reduced by $3.50 and
the divisors will be adjusted in the S&P/TSX Composite and Capped
Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX
Equity and Capped Equity and the S&P/TSX Capped Consumer
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. Over $1 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 Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents and the S&P GSCI, the industry's most closely-watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices 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 150 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.
SOURCE Standard & Poor's Canadian Index Operations
For further information: For further information: Tony North, (416) 507-3204, email@example.com; Dave Guarino, (212) 438-1471, Dave_guarino@standardandpoors.com