Standard & Poor's Announces New S&P/TSX Preferred Share Index

    TORONTO, April 3 /CNW/ - Standard & Poor's, the world's leading index
provider, announced today the launch of a new, real-time index to serve the
investment community's need for an investable benchmark representing the
Canadian preferred share universe.
    The S&P/TSX Preferred Share Index is comprised of preferred share issues
listed on the Toronto Stock Exchange that meet criteria relating to market
capitalization, liquidity, and issuer rating. The index will launch in real
time on Tues., April 10, 2007. Historical data for attribution purposes has
been calculated back to July 2002.
    Preferred shares are a class of securities that combines the
characteristics of both debt and common equity, while having low correlations
to both classes. As such, they represent appropriate instruments for portfolio
    "The S&P/TSX Preferred Share Index is the first index in Canada to focus
on preferred shares - a class of securities with distinct and attractive
characteristics for investors seeking yield," said Steve Rive, vice president
of Canadian Index Services at Standard & Poor's.
    "We are very pleased with the evolution and growth of investment products
being developed for the Canadian market," said Eric Sinclair, senior vice
president at TSX Datalinx. "Indices like this one help enhance and expand
visibility to the market for investors. This index provides yet another option
for income investors."

    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. Its family of indices includes the S&P 500, an index with
US$1.26 trillion invested and US$4.45 trillion benchmarked, and the S&P Global
1200, a composite index comprised of seven regional and country headline
indices. For more information, please visit

    About Standard & Poor's

    Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:   MHP),
is the world's foremost provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 8,500 employees, including wholly owned affiliates,
located in 21 countries, Standard & Poor's is an essential part of the world's
financial infrastructure and has played a leading role for more than 140 years
in providing investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit

For further information:

For further information: Tony North, Director, Index Services, Standard
& Poor's, (416) 507-3200,; Rachel Shain,
Communications, Standard & Poor's, (416) 507-2528,

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Standard & Poor's Canadian Index Operations

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