Standard & Poor's Announces Changes in the S&P/TSX SmallCap Index
05 October 2011 - 10:17AM
PR Newswire (Canada)
TORONTO, Oct. 7, 2011 /CNW/ - Standard & Poor's will make the
following changes in the S&P/TSX SmallCap Index after the close
of trading on Tuesday, October 11, 2011: Shareholders of Candente
Copper Corp. approved on August 23, 2011, the Plan of Arrangement
whereby the company will spin out certain copper and lead-zinc
properties in Peru. For every 5 shares of Candente held,
shareholders will receive 1 share of a new company named Cobriza
Metals Corp. Cobriza will trade on TSX for the first time (the
ex-date of the spin-off) on October 12, 2011, under the ticker
symbol "CZA" and the CUSIP number 19105V 10 5. The spun out shares
of Cobriza will be added at zero price to the S&P/TSX SmallCap
and Equity SmallCap Indices after the close of trading on Tuesday,
October 11, 2011. There will be no divisor changes for either of
these indices as a result of these additions. Effective after the
close of Wednesday, October 12, 2011, the shares of Cobriza will be
removed from the same two indices and new divisors will be created.
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 S&P Indices S&P Indices, a leading brand of
the McGraw-Hill Companies , 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.
Standard & Poor's Canadian Index Operations CONTACT: Tony North
Dave Guarino(416) 507-3204 1 212 438
1471sp_index@standardandpoors.com Dave_guarino@standardandpoors.com
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