S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Canada NewsWire
TORONTO, Oct. 27, 2015
A Share Issuance by Royal Bank of Canada
TORONTO, Oct. 27, 2015 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Royal Bank of Canada (TSX:RY) is expected to complete the merger with City National Corporation (NYSE:CYN) on November 2, 2015. To reflect the issuance of common shares as part of the transaction, the relative weight of Royal Bank will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60, 60 ESG and 60 Capped, the S&P/TSX Capped Financials, the S&P/TSX 60 Fossil Fuel Free and the S&P/TSX Composite Dividend Index after the close of trading on Friday, October 30, 2015. There will be no relative weight change for Royal Bank in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Equal Weight Diversified Banks, the S&P/TSX Composite Low Volatility, the S&P/TSX 60 Carbon Efficient, the S&P/TSX 60 Carbon Efficient Select or the S&P/TSX Composite Buyback Indices as a result of this share issuance.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
SOURCE S&P Dow Jones Indices
Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, tony.north@spdji.com; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, david.blitzer@spdji.comCopyright CNW Group 2015