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Attention Business Editors
Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
TORONTO, July 3 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:
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- The unitholders of Crescent Energy Trust (TSX:CPG.UN) have approved
the conversion of the company to a corporate structure via a reverse
takeover. The units will be exchanged on a 1-for-1 basis for Crescent
Point Energy Corp. (TSX:CPG). As a result of the conversion, Crescent
Energy Trust will be removed from the S&P/TSX Income Trust and Capped
Energy Trust Indices. Crescent Point Energy Corp. will be added to
the S&P/TSX Equity, Capped Equity and Equity Completion Indices. The
conversion is effective after the close of Monday, July 6, 2009. 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 and the S&P/TSX Capped Energy indices.
- The shareholders of NOVA Chemicals Corporation (TSX:NCX) have
accepted the $US6.00 cash per share offer from International
Petroleum Investment Company (IPIC). NOVA will be removed from the
S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and
Equity Completion, the S&P/TSX Equity and Capped Equity and the
S&P/TSX Capped Materials Indices. The transaction will be effective
after the close of Wednesday, July 8, 2009.
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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.
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 approximately 10,000 employees,
including wholly owned affiliates, located 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 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
http://www.standardandpoors.com.
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/For further information: Tony North, (416) 507-3204,
sp_index@standardandpoors.com; Dave Guarino, (212) 438-1471,
Dave_guarino@standardandpoors.com/
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