Does the list of subs in a channel include expired subscriptions?

To continue from my last post:

So what I’m thinking now is that in addition to checking every minute for new subscriptions, once a day I will request the entire subscriber list, looking for subscribers that are no longer in the list. This let’s me acknowledge people who’ve decided to subscribe within a minute of when Twitch makes that information available, but still catch (eventually) people who’ve decided to no longer support the channel.