Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

TORONTO, July 2 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

    
    -   The unitholders of AltaGas Income Trust (TSX:ALA.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
        AltaGas Ltd. (TSX:ALA). As a result of the conversion, AltaGas Income
        Trust will be removed from the S&P/TSX Income Trust and Capped Energy
        Trust Indices. AltaGas Ltd. will be added to the S&P/TSX Equity,
        Capped Equity, Equity Completion and Equity SmallCap Indices. The
        conversion is effective after the close of Monday, July 5, 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, the S&P/TSX SmallCap and the S&P/TSX Canadian Dividend
        Aristocrats indices.
    -   The unitholders of Paramount Energy Trust (TSX:PMT.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
        Perpetual Energy Inc. (TSX:PMT). As a result of the conversion,
        Paramount Energy Trust will be removed from the S&P/TSX Income Trust
        and Capped Energy Trust Indices. Perpetual Energy Inc. will be added
        to the S&P/TSX Equity, Capped Equity, Equity Completion and Equity
        SmallCap Indices. The conversion is effective after the close of
        Monday, July 5, 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, the S&P/TSX SmallCap and the
        S&P/TSX Capped Energy indices.
    

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 Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents and the S&P GSCI, the industry's most closely-watched commodities index. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.

For further information: Tony North, [phone], [email protected]; Dave Guarino, 1 212 438 1471, [email protected]