A Relative Weight Change for Canadian Pacific Railway Limited (TSX:CP)
TORONTO, Aug. 10, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Canadian Pacific Railway Limited (TSX:CP) has announced that Pershing Square Capital Management L.P. has sold its entire 9.8 million shares in the company. To reflect the increase in float shares of Canadian Pacific as a result of this divestiture, the relative weight of Canadian Pacific 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 60 Fossil Fuel Free, the S&P/TSX 60 Fossil Fuel Free Carbon Efficient, the S&P/TSX Capped Industrials and the S&P/TSX Composite Buyback Indices. There will be no change to the relative weight for Canadian Pacific in the S&P/TSX Composite Equal Weight, the S&P/TSX Equal Weight Industrials or the S&P/TSX 60 Equal Weight Indices. These changes will be effective after the close of trading on Wednesday, August 17, 2016.
About S&P Dow Jones Indices
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices
For further information: Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, [email protected]; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, [email protected]