TORONTO, July 3, 2012 /CNW/ - The unitholders of Extendicare REIT (TSX: EXE.UN) have approved the return of the company to a corporate structure. The new name of the company will be Extendicare Inc. and the new ticker symbol will be "EXE". There is no consolidation of capital. Extendicare REIT will be removed from the S&P/TSX Income Trust, Capped REIT and Capped Real Estate Indices. The GICS classification of the company has already reverted from 40402070 - Specialized REITs - to 35102020 - Health Care Facilities. Extendicare Inc. will be added to the S&P/TSX Equity and Capped Equity, the S&P/TSX Equity Completion and Equity SmallCap and the S&P/TSX Capped Health Care Indices. The newly corporate-structured company will remain in the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX Completion and SmallCap, the S&P/TSX Composite Dividend and the S&P/TSX Equity Income Indices. These changes will be effective after the close of trading on Wednesday, July 4, 2012.
The stapled unitholders of Westshore Terminals Investment Corporation (TSX: WTE.UN) have approved the restructuring of the company to a corporate structure. Westshore Terminals will be removed from the S&P/TSX Income Trust Index after the close of trading on Wednesday, July 4, 2012. Following the restructuring of Westshore Terminals to a corporate structure (TSX: WTE), the company will be added to the S&P/TSX Equity, Capped Equity and Equity Completion indices after the close of Wednesday, July 4, 2012. The company will remain a constituent of the S&P/TSX Composite, Capped Composite and Composite Equal Weight, the S&P/TSX Completion, the S&P/TSX Capped Industrials, the S&P/TSX Composite Dividend and the S&P/TSX Equity Income Indices.
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