Standard & Poor's Canadian Index Operations announces the following index changes:
- The shareholders of TimberWest Forest Corp. (TSX:TWF.UN) have accepted the $CDN6.16 cash per unit offer from the British Columbia Investment Management Corporation (bcIMC) and the Public Sector Pension Investment Board (PSP Investments). TimberWest will be removed from the S&P/TSX SmallCap Index after the close of Tuesday, June 28, 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.