Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
26.10.2011 | CNW
TORONTO, Oct. 26, 2011 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:The shareholders of Northgate Minerals Corporation have accepted the share exchange takeover offer from AuRico Gold Inc.. Shareholders of Northgate Minerals will receive 0.365 shares of Aurico Gold for each share held. Northgate Minerals will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Equity and Capped Equity, the S&P/TSX Capped Materials and the S&P/TSX Global Mining and Global Gold Indices after the close of Thursday, October 27, 2011.
The relative weight of AuRico Gold Inc. will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX Equity and Capped Equity, the S&P/TSX Capped Materials and the S&P/TSX Global Mining and Global Gold Indices after the close of Thursday, October 27, 2011, to reflect the issuance of shares as part of the acquisition of Northgate Minerals Corporation.
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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S&P Indices, a leading brand of the McGraw-Hill Companies, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
CONTACT:
Standard & Poor's Canadian Index Operations
Tony North
1 212 438 1471
Dave Guarino
(416) 507-3204
sp_index@standardandpoors.com
Dave_guarino@standardandpoors.com