S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

TORONTO, Feb. 12, 2020 /CNW/ - S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:

Following shareholders' approval and subject to the satisfaction of final closing conditions for the merger between Power Corporation of Canada (TSX:POW) and Power Financial Corp. (TSX:PWF) agreeing to the reorganization resulting in the combination of the two companies. Each share of Power Financial Corp. will be exchanged for 1.05 shares of Power Corporation of Canada and CAD$0.01. Power Financial Corp. will be removed from the S&P/TSX Composite Index prior to the open of trading on Wednesday, February 19, 2020.

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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

SOURCE S&P Dow Jones Indices LLC.