Standard & Poor's Canadian Index Operations announces the following index changes:
- On Monday, May 16, 2011, the shareholders of Toromont Industries Ltd. (TSX:TIH) approved the Plan of Arrangement whereby the company will spin off Enerflex Ltd. (TSX:EFX) to its shareholders on a 1-for-1 basis. The effective date for the transaction will be Friday, June 3, 2011. Enerflex will be added at zero price to all the same indices - and with the same number of index shares - where Toromont is currently a constituent after the close on Thursday, June 2, 2011.
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.