Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
- The shareholders of Highpine Oil & Gas Limited (TSX:HPX) have accepted the unit exchange offer from Daylight Resources Trust (TSX:DAY.UN). Pursuant to the arrangement agreement, shareholders of Highpine will receive 0.85 units of Daylight for each share held. Highpine will be removed from the S&P/TSX SmallCap and Equity SmallCap indices and the relative weight of Daylight will increase in the S&P/TSX SmallCap index to reflect the issuance of new units as part of the transaction, which will be effective after the close of Thursday, October 15, 2009.
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.
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over
About Standard & Poor's
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 offices 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 nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.
For further information: Tony North, (416) 507-3204, [email protected]; Dave Guarino, (212) 438-1471, [email protected]
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