A Deletion from the S&P/TSX Composite Index and S&P/TSX Canadian Dividend Aristocrats Index
TORONTO, Nov. 8, 2018 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Enbridge Income Fund Holdings Inc (TSX: ENF) and Enbridge Inc. (TSX:ENB) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Enbridge Income Fund Holdings will be exchanged for 0.735 shares of Enbridge Inc and CDN$0.45 cash consideration per share. Enbridge Income Fund Holdings will be removed from all S&P/TSX indices where the stock is a constituent prior to the open of trading on Monday, November 12, 2018. The shares outstanding of Enbridge will be increased at the same time to reflect the issuance of shares.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define 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 LLC.
For further information: S&P Dow Jones Indices, firstname.lastname@example.org