An Addition to the S&P/TSX Capped REIT Index
TORONTO, Jan. 2, 2013 /CNW/ - S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Granite Real Estate Inc. (TSX:GRT) have approved the conversion of the company to a REIT structure. The new name of the company will be Granite REIT and the new ticker symbol will be "GRT.UN". There is no consolidation of capital. Granite REIT will be added to the S&P/TSX Income Trust and the S&P/TSX Capped REIT indices. The newly REIT-structured company will remain in the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX Capped Real Estate, the S&P/TSX Completion, the S&P/TSX Composite Dividend, the S&P/TSX Equity Income and the S&P/TSX Composite Low Volatility Indices. These changes will be effective after the close of trading on Thursday, January 3, 2013.
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SOURCE: Standard & Poor's Canadian Index Operations
For further information:
Director, Canadian Index Operations
S&P Dow Jones Indices
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices