{"id":501360,"date":"2025-01-30T16:10:15","date_gmt":"2025-01-30T21:10:15","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=501360"},"modified":"2025-01-30T16:10:15","modified_gmt":"2025-01-30T21:10:15","slug":"cwb-deleted-from-indexes-next-week","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/research-and-markets\/cwb-deleted-from-indexes-next-week\/","title":{"rendered":"CWB deleted from indexes next week"},"content":{"rendered":"<p>With the closing of its acquisition by National Bank of Canada on Feb. 3, Canadian Western Bank (CWB) will be removed from S&amp;P\/TSX indexes next week.<\/p>\n<p>Before trading opens on Feb. 4, CWB will be removed from the S&amp;P\/TSX composite index and S&amp;P\/TSX Canadian Dividend Aristocrats Index.<\/p>\n<p>The index deletions follow the banks&#8217; shareholders approving a plan of arrangement that will see each share of CWB exchanged for 0.45 shares of National Bank, boosting its outstanding shares to over 384 million.<\/p>\n<p>The share exchange transaction, which was announced in June last year, valued CWB at approximately $5 billion.<\/p>\n<p>National Bank will start including CWB in its financial results in its fiscal second quarter, which are scheduled to be released on Feb. 26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Index adjustment follows merger closing on Feb. 3<\/p>\n","protected":false},"author":147314,"featured_media":493419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2313,2312],"tags":[2347,2486,2361],"yst_prominent_words":[47731,18765,16903,7071,6599,5820,5114,1384,2177,2172],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/501360"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/147314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=501360"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/501360\/revisions"}],"predecessor-version":[{"id":501374,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/501360\/revisions\/501374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/493419"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=501360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=501360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=501360"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=501360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}