The S&P/TSX Canadian Index Committee announced that income trusts will remain ineligible for inclusion in the S&P/TSX Composite Index. The decision follows a careful study of income trust instruments and consultation with the Canadian Index Advisory Panel.

“The growth in size and number of income trusts listed on the TSX has been the focus of considerable attention in Canadian financial markets for the past year,” said David Blitzer, chairman of the Index Committee.

“After conferring with the marketplace, Standard & Poor’s has determined that income trusts will not be included at this time. We will, of course, continue to closely monitor the development of income trusts and will revisit the question of their eligibility if developments warrant.”

Standard & Poor’s currently offers three income trust indices: the S&P/TSX Canadian Income Trust Index and two sub-indices, the S&P/TSX Canadian Energy Trust Index and the S&P/TSX Canadian REIT Index.