Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

TORONTO, May 17, 2012 /CNW/ -Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

The Canadian Pacific Railway Ltd (TSX:CP) announced changes to the Board of Directors today. Among others, William Ackman who represents Pershing Square was elected to the board. Pershing Square owns about 14% of the outstanding shares of Canadian Pacific Railway. As a result of the director changes, the relative weight of Canadian Pacific Railway will decrease in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Composite Dividend, the S&P/TSX 60 and 60 Capped, the S&P/TSX Equity 60 and the S&P/TSX Capped Industrials indices. There will be no weight change effective in the S&P/TSX Composite Equal Weight and Canadian Dividend Aristocrats, S&P/TSX 60 Equal Weight and 60 130/30 Strategy indices. These changes will be effective after close on Thursday, May 24, 2012.

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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Dave Guarino
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