A Spin-out from a Constituent of the S&P/TSX Composite Index
TORONTO , May 23, 2013 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Dundee Corporation (DC-A.TO) on May 16, 2013 , approved the terms of a Plan of Arrangement whereby certain assets of the company will be spun out. Shareholders of Dundee Corporation will receive, on a 1-for-1 basis, shares of DREAM Unlimited Corp. The ticker symbol of DREAM Unlimited will be "DRM" and the CUSIP number will be 26153M 20 0. The ex-date for the spin out will be Friday, May 31, 2013 , and there will be when-issued trading in DREAM Unlimited beginning Monday, May 27, 2013 .
Effective after the close on Thursday, May 30, 2013 , the spun-out shares of DREAM Unlimited will be added to all the same indices where Dundee Corporation is a constituent. The close price of Dundee Corporation will be reduced by the close price (when-issued market) of DREAM Unlimited and no new divisors will be calculated for any indices.
DREAM Unlimited will remain a constituent of the same indices until the Q3 (September) 2013 S&P/TSX Index review at which time it will be measured for continued inclusion.
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 830,000 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.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, 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.
STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC. "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").
SOURCE: Standard & Poor's Canadian Index Operations