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Press release from CNW Group

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

Thursday, May 17, 2012

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices17:15 EDT Thursday, May 17, 2012TORONTO, May 17, 2012 /CNW/ -Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:The Canadian Pacific Railway Ltd (TSX:CP) announced changes to the Board of Directors today. Among others, William Ackman who represents Pershing Square was elected to the board. Pershing Square owns about 14% of the outstanding shares of Canadian Pacific Railway. As a result of the director changes, the relative weight of Canadian Pacific Railway will decrease in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Composite Dividend, the S&P/TSX 60 and 60 Capped, the S&P/TSX Equity 60 and the S&P/TSX Capped Industrials indices. There will be no weight change effective in the S&P/TSX Composite Equal Weight and Canadian Dividend Aristocrats, S&P/TSX 60 Equal Weight and 60 130/30 Strategy indices. These changes will be effective after close on Thursday, May 24, 2012.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.About S&P IndicesS&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.For further information: Tony North (416) 507-3204 sp_index@standardandpoors.com  Dave Guarino 1 212 438 1471 Dave_guarino@standardandpoors.com