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

TORONTO, April 18, 2012 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

NovaGold Resources Inc. (TSX:NG) has announced the implementation schedule for the previously announced spinoff of its copper assets in Alaska. Shareholders of NovaGold will receive one share of NovaCopper Inc. (TSX:NCQ) for every 6 common shares of NovaGold held.

The S&P/TSX indices that are affected by this spinout are:

  • S&P/TSX Composite and Capped Composite Index
  • S&P/TSX Equity and Capped Equity Index
  • S&P/TSX Completion and Equity Completion Index
  • S&P/TSX Capped Materials Index
  • S&P/TSX Composite Equal Weight Index
  • S&P/TSX Global Mining and Global Gold Index

After the close of trading on Monday, April 30, 2012, the close price of NovaGold will be adjusted downward by 1/6th of the close price of NovaCopper in the when-issued market on TSX. New divisors will be generated for all indices.

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 Indices

S&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.

Tony North
(416) 507-3204
sp_index@standardandpoors.com

Dave Guarino
1 212 438 1471
Dave_guarino@standardandpoors.com

Source: Canada Newswire (April 18, 2012 - 5:15 PM EDT)

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