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

TORONTO, Oct 1 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes: 

• The unitholders of Pembina Pipeline Income Fund (TSX:PIF.UN) have approved the conversion of the company to a corporate structure through a Plan of Arrangement. The units will be exchanged on a 1-for-1 basis for Pembina Pipeline Corporation (TSX:PPL). As a result of the conversion, Pembina Pipeline Income Fund will be removed from the S&P/TSX Income Trust and Capped Energy Trust Indices. Pembina Pipeline Corporation will be added to the S&P/TSX Equity, Capped Equity and Equity Completion Indices. The conversion is effective after the close of Monday, October 4, 2010. The name and ticker change, with no change in capitalization, will be effective in the S&P/TSX Composite, Capped Composite and the S&P/TSX Completion indices.

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, the world's leading index provider, 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.

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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.

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