S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite and S&P/TSX 60 Indices

TORONTO, July 21, 2021 /CNW/ - The shareholders of Brookfield Asset Management Inc (TSX: BAM.A) and Brookfield Property Partners L.P. (TSX: BPY.UN) have agreed to the terms of the Arrangement Agreement resulting in the combination of the two companies. Each unit of Brookfield Property Partners L.P. will be exchanged for 0.4006 shares of Brookfield Asset Management or US$18.17 cash or 0.7268 New LP Preferred Units subject to proration. Unit holders who make no election will receive the default consideration of 50.4678% cash, 41.8104% shares and 7.7218% Preferred Units. Brookfield Property Partners L.P. will be removed from the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Tuesday, July 27, 2020.

CAE Inc. (TSX: CAE) will replace Brookfield Property Partners L.P. in the S&P/TSX 60 Index effective prior to the open of trading on Tuesday, July 27, 2020.

S&P/TSX 60 INDEX – July 27, 2021
	COMPANY	GICS SECTOR	GICS SUB-INDUSTRY
ADDED	CAE Inc (TSX:CAE)	Industrials	Aerospace & Defense
DELETED	Brookfield Property Partners L.P. (TSX:BPY.UN)	Real Estate	Real Estate Operating Companies

 

S&P/TSX COMPOSITE INDEX – July 27, 2021
	COMPANY	GICS SECTOR	GICS SUB-INDUSTRY
DELETED	Brookfield Property Partners L.P. (TSX:BPY.UN)	Real Estate	Real Estate Operating Companies

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.

Copyright 2021 Canada NewsWire