TORONTO, May 19 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- On May 18, 2010, Sears Canada Inc. (TSX:SCC) announced the payment of
a special dividend of $3.50 per share. The ex-date for this payment
is Thursday, May 27, 2010. It is anticipated that the value of the
special dividend will be over 4% of the last traded board-lot price
of Sears Canada on Wednesday, May 26, 2010. On that date, the last
traded board-lot price of Sears Canada will be reduced by $3.50 and
the divisors will be adjusted in the S&P/TSX Composite and Capped
Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX
Equity and Capped Equity and the S&P/TSX Capped Consumer
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.
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SOURCE Standard & Poor's Canadian Index Operations
For further information: For further information: Tony North, (416) 507-3204, firstname.lastname@example.org; Dave Guarino, (212) 438-1471, Dave_guarino@standardandpoors.com