Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

TORONTO, May 15 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

    
    -  The unitholders of TransForce Income Fund (TSX: TIF-UN.TO) have approved
       the conversion of the company to a corporate structure. The units will
       be exchanged on a 1-for-1 basis for TransForce Inc. (TSX: TIF.TO). As a
       result of the conversion, TransForce Income Fund will be removed from
       the S&P/TSX Income Trust Index. TransForce Inc. will be added to the
       S&P/TSX Equity and Capped Equity, the S&P/TSX Equity Completion and
       the S&P/TSX Equity SmallCap Indices. The conversion is effective after
       the close of Friday, May 16, 2008. The name and ticker change, with no
       change in capitalization, will be effective in the S&P/TSX Composite
       and Capped Composite, the S&P/TSX SmallCap, the S&P/TSX Completion and
       the S&P/TSX Capped Industrials 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.

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Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.

Contacts

Tony North
Tel. (416) 507-3200
sp_index@standardandpoors.com

Dave Guarino
(212) 438-1471
dave_guarino@standardandpoors.com