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 February 8, 2016 - 5:15 PM EST
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S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

Canada NewsWire


 Emera Inc. (TSX:EMA) to Replace Canadian Oil Sands Limited in the S&P/TSX 60 Index Following Suncor Energy Inc. (TSX:SU) Transaction

TORONTO, Feb. 8, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Canadian Oil Sands Limited (TSX:COS) have accepted a takeover bid from Suncor Energy Inc. (TSX:SU). Shareholders of Canadian Oil Sands will receive 0.28 shares of Suncor Energy for each share held. The shares of Canadian Oil Sands will be removed from the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX 60, 60 Capped, 60 ESG and 60 Equal Weight, the S&P/TSX Capped Energy, the S&P/TSX Composite Dividend, the S&P/TSX Equal Weight Oil & Gas, the S&P/TSX High Income Energy, the S&P/TSX Composite High Beta and the S&P/TSX 60 Carbon Efficient Indices after the close of trading on Monday, February 22, 2016. Emera Inc. (TSX:EMA) will be removed from the S&P/TSX Completion Index and added to the S&P/TSX 60, 60 Capped and the 60 Equal Weight Indices. Emera will not be added to the S&P/TSX 60 ESG Index at this time. Also, Emera will be added to the S&P/TSX 60 Equal Weight Index at a relative weight equal to the relative weight of Canadian Oil Sands at the close on Monday, February 22, 2016.

To reflect the issuance of Suncor Energy shares as part of the transaction, the Relative Weight of Suncor Energy will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60, 60 Capped and 60 ESG, the S&P/TSX Capped Energy, the S&P/TSX Composite Dividend, the S&P/TSX High Income Energy and the S&P/TSX 60 Carbon Efficient Indices. There will be no change to the relative weight of Suncor Energy in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Equal Weight Oil & Gas, the S&P/TSX Composite High Beta, the S&P/TSX Canadian Dividend Aristocrats or the S&P/TSX 60 Carbon Efficient Select Indices.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices

Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, tony.north@spdji.com; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, david.blitzer@spdji.comCopyright CNW Group 2016


Source: Canada Newswire (February 8, 2016 - 5:15 PM EST)

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