A Deletion from the S&P/TSX Preferred Share Index

TORONTO, Aug. 25, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

Fortis Inc. (TSX:FTS) has announced that it will redeem for $CDN25.00 cash per share all of its outstanding Cumulative Redeemable Convertible First Preference Shares, Series E (TSX:FTS.PR.E) on Thursday, September 1, 2016. The preferred shares will be removed from the S&P/TSX Preferred Share Index after the close of trading on Thursday, September 1, 2016.

About S&P Dow Jones Indices

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

SOURCE S&P Dow Jones Indices

Copyright 2016 Canada NewsWire

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