TMX Group Inc. (TSX: X) yesterday announced a revised listing fee schedule for Toronto Stock Exchange (TSX). The new fee schedule will apply starting January 1, 2009.
TSX expects most of its individual listed issuers to experience a reduction in sustaining fees in 2009, due to lower market capitalization. Overall, this reduction will be partially offset by an estimated $3M to $4M aggregate increase in sustaining fees, as a result of the introduction of the new schedule. The estimated increase in sustaining fees is based on market capitalization as of November 4, 2008. Listing fees at all major exchanges were reviewed to ensure TSX fees remain competitive with those marketplaces.
The amendments to the listing fee schedule include changes to the base and maximum sustaining fees for corporate issuers (variable fee rates remain unchanged); the fees payable for corporate reorganizations, which include income trust conversions; and the maximum fees payable for security-based compensation arrangements (minimum fees and the variable fee rates remain unchanged). Original listing and additional listing fees (other than for security-based compensation arrangements) remain unchanged.
The revised Listing Fee Schedule for TSX listed issuers is available on the TSX website at www.tsx.com.
TMX Group is holding its 2008 Analyst Day on Friday, November 21, 2008.
