TORONTO, July 3 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- 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.
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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