A Spin-out from a Constituent of the S&P/TSX Composite Index
TORONTO, May 23, 2013 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Dundee Corporation (TSX:DC.A) on May 16, 2013, approved the terms of a Plan of Arrangement whereby certain assets of the company will be spun out. Shareholders of Dundee Corporation will receive, on a 1-for-1 basis, shares of DREAM Unlimited Corp. The ticker symbol of DREAM Unlimited will be "DRM" and the CUSIP number will be 26153M 20 0. The ex-date for the spin out will be Friday, May 31, 2013, and there will be when-issued trading in DREAM Unlimited beginning Monday, May 27, 2013.
Effective after the close on Thursday, May 30, 2013, the spun-out shares of DREAM Unlimited will be added to all the same indices where Dundee Corporation is a constituent. The close price of Dundee Corporation will be reduced by the close price (when-issued market) of DREAM Unlimited and no new divisors will be calculated for any indices.
DREAM Unlimited will remain a constituent of the same indices until the Q3 (September) 2013 S&P/TSX Index review at which time it will be measured for continued inclusion.
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SOURCE: Standard & Poor's Canadian Index Operations
Tony North
Director, Canadian Index Operations
S&P Dow Jones Indices
[email protected]
416-507-3204
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
[email protected]
212-438-3907
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