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

A Re-organization in the S&P/TSX Composite Index

TORONTO, May 27, 2015 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

FirstService Corporation (TSX:FSV) has completed a corporate reorganization whereby the company will separate itself into two independent publicly traded companies. Effective at the open of trading on Tuesday, June 2, 2015, FirstService Corporation will change its name to Colliers International Group Inc. (TSX:CIG) which will retain the commercial real estate services assets of the company.

Concurrently, the company will spin off, on a 1-for-1 basis, shares in a new company that will retain the name FirstService Corporation and will have the new ticker symbol NFS. This new FirstService Corporation will retain the company's assets related to residential property management. The spun out shares of the new FirstService Corporation will be added to all the S&P/TSX indices where the current manifestation of FirstService is a constituent after the close on Monday, June 1, 2015.

Both the new FirstService Corporation and Colliers International Group Inc. will trade on TSX on an ex-distribution basis starting Wednesday, May 27, 2015. The close price of the current FirstService Corporation on Monday, June 1, 2015, will be reduced by the ex-distribution price of new FirstService (NFS) at the close that day.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices

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