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S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

TORONTO, April 5, 2021 /CNW/ – S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:

The shareholders of ARC Resources Ltd. (TSX:ARX) and Seven Generations Energy Ltd. (TSX:VII) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Seven Generations Energy Ltd. will be exchanged for 1.108 shares of ARC Resources Ltd. Seven Generations Energy Ltd. will be removed from the S&P/TSX Composite Index prior to the open of trading on April 8, 2021. The shares outstanding of ARC Resources Ltd. will be increased at the same time to reflect the issuance of shares.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define 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 LLC.

Written by Tenner Smith

Tenner Smith - I have experience in financial intelligence and automated intelligence. In industry I have worked on artificial intelligence and machine learning. Tenner Smith is a reporter at DF media.

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