Vancouver, February 12, 2020 - Due to a corporate action relating to Power Financial Corp (PWF), the following treatment will be applied to the INK Canadian Insider Index:
Power Financial Corp (PWF) will be deleted from the Index on the effective date.
Effective date: close of business February 13, 2020
AltaGas Ltd. (ALA) will be added to the Index at the same weight as the deleted stock (PWF).
Effective date: close of business February 13, 2020.
About the INK Canadian Insider Index
This rules-based Index includes the top ranked value and momentum stocks on the TSX preferred by insiders. The 50-stock Index constituents are determined using INK Research's proprietary INK Edge (R) V.I.P. screening criteria of valuations, insider commitment and price momentum. The Index historically has a mid-cap focus and is rebalanced to equal weight in May and November each year. Additions and deletions to the Index are also made at that time. For more information visit Index.INKResearch.com.
About INK Research Corp.
INK provides Insider News and Knowledge to investors. We launched our business to provide commercial monitoring and research on insider trading reports in Canada and have since expanded our coverage to include US markets. Our services, which are available through subscription, strive to give investors, analysts, advisors and institutions an edge through better access and understanding of insider reports. For more information visit INKResearch.com.
INK Edge (R) and INK Research (R) are registered trade-marks owned by INK Research Corp.
Indices cannot be invested in directly. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Nothing herein should be construed as investment advice or an offer to sell securities or an offer of services in jurisdictions where INK does not have the necessary licenses.
The INK Canadian Insider Index is used under a license with INK by the Horizons Cdn Insider Index ETF (HII), a 2017 and 2018 Fundata Fundgrade A+ award winner.