A Share Issuance from TransCanada Corporation Inc. (TSX:TRP) – Index Weight Changes
TORONTO, July 4, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
TransCanada Corporation (TSX:TRP) has completed the acquisition of Columbia Pipeline Group Inc. (NYSE: CPGX). Columbia Pipeline shareholders will receive $US25.50 cash per share held. To reflect the issuance of common shares of TransCanada as part of the financing of the transaction, the relative weight of TransCanada 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 60 Carbon Efficient, the S&P/TSX Composite Dividend, the S&P/TSX Composite High Dividend, the S&P/TSX 60 Fossil Fuel Free, the S&P/TSX 60 Fossil Fuel Free Carbon Efficient and the S&P/TSX High Income Energy Indices. There will be no change to the relative weight for TransCanada in the S&P/TSX Composite Equal Weight, the S&P/TSX Canadian Dividend Aristocrats, the S&P/TSX 60 Equal Weight or the S&P/TSX Equal Weight Oil & Gas Indices. These changes will be effective after the close of trading on Monday, July 11, 2016.
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