TORONTO, April 3, 2012 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Provident Energy Ltd. (TSX:PVE) have accepted the share exchange offer from Pembina Pipeline Corporation (TSX:PPL). Provident Energy will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Composite Dividend, the S&P/TSX Equity Income and the S&P/TSX Composite Equal Weight Indices effective after the close on Thursday, April 5, 2012.
Pembina Pipeline Corporation (TSX:PPL) has announced the closing of the acquisition of Provident Energy Ltd. As a result of the issuance of shares, the relative weight of Pembina Pipeline will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Equity Income, the S&P/TSX Completion and Equity Completion and the S&P/TSX Composite Dividend indices. These changes will be effective after close on Thursday, April 5, 2012.
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 S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.
For further information:
1 212 438 1471