TORONTO, June 1 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- The unitholders of Precision Drilling Trust (TSX:PD.UN) have approved
the conversion of the company to a corporate structure through a Plan
of Arrangement. The units will be exchanged on a 1-for-1 basis for
Precision Drilling Corporation. (TSX:PD). As a result of the
conversion, Precision Drilling Trust will be removed from the S&P/TSX
Income Trust and Capped Energy Trust Indices. Precision Drilling
Corporation will be added to the S&P/TSX Equity, Capped Equity, and
Equity Completion Indices. The conversion is effective after the
close of Wednesday, June 2, 2010. The name and ticker change, with no
change in capitalization, will be effective in the S&P/TSX Composite
and Capped Composite, the S&P/TSX Completion and the S&P/TSX Capped
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, email@example.com; Dave Guarino, (212) 438-1471, Dave_guarino@standardandpoors.com