STANDARD & POOR'S - INDEX CHANGE
TORONTO, ONTARIO, April 16, 2001- Standard & Poor's Canadian Index Operations announces that effective after the close of business on Friday, April 20, 2001, the following changes will take place in the TSE 300 Composite, TSE 300 Capped, S&P/TSE Canadian MidCap and TSE 100 Indices.
The weight of 360networks inc. (TSE: TSX) will increase by approximately 0.19% in the TSE 300 Composite and TSE 300 Capped, 1.21% in the S&P/TSE Canadian MidCap and 0.22% in the TSE 100 Index. The relative weight change reflects an adjustment to the float shares of the company due to the expiry of a one year lock-up agreement.
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.
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the world's first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure.
Contacts:
S&P: Branka Jokic 416-507-4104
Michael Privitera 212-438-6679
Communications
Email: michael_privitera@standardandpoors.com
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