Standard & Poor's Canadian Index Operations announces the following index changes:
- The shareholders of Marshall & Ilsley Corporation (NYSE:MI) have accepted the share exchange takeover offer from Bank of Montreal (TSX:BMO). The relative weight of Bank of Montreal will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX MegaCap, the S&P/TSX Capped Financials, the S&P/TSX Equity Income and the S&P/TSX Composite Dividend indices to reflect this issuance of BMO shares. There will be no change to the weight Bank of Montreal in the S&P/TSX 60 Equal Weight, Equal Weight Diversified Banks or the S&P/TSX 60 130/30 Strategy Index. These changes will be effective after close on Tuesday, July 5, 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.