S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices - Canadian Oil Sands Ltd.
Emera Inc. (TSX:EMA) to Replace Canadian Oil Sands Ltd. in the S&P/TSX 60 Index Following Suncor Energy Inc. (TSX:SU) TransactionTORONTO, 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 Ltd. (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.
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Contact
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.com