O'Leary Global Infrastructure Fund

 

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O'Leary Global Infrastructure Fund Warrants
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O'Leary Global Infrastructure Fund
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Name - O'Leary Global Infrastructure Fund

2310 - 1010 Sherbrooke St W

Montreal QC H3A 2R7
Phone: 514 849 2007

Fax: 514 849 0065
 Website - http://www.stantonasset.com/index.php

 

Warrant Symbol - OGN.WT
Number  Trading - 4.6 million
Expiration Date - Nov. 30, 2009
Cusip -  67088H 11 4

Exercise Price - $12.00
Warrants called to trade news:

 

O'Leary Global unit, warrants to separate Dec. 8

 

2008-12-04 16:00 MT - Miscellaneous

TSX bulletin 2008-1398

Further to Toronto Stock Exchange bulletin 2008-1283, dated Nov. 12, 2008, which describes an initial public offering of the Class A combined units of the fund, the transferable Class A trust units and Class A unit purchase warrants, comprising the Class A combined units, will trade separately commencing at the open on Dec. 8, 2008, at which time the Class A combined units will be delisted.

Under the trading information set out below:

  1. 9.74 million Class A units will be listed, of which 4.87 million will be issued and outstanding;

  2. 4.87 million Class A warrants will be listed, all of which will be issued and outstanding

Class A unit symbol:  OGN.UN

Class A unit Cusip No.:  67088H 10 6

Class A unit trading currency:  Canadian dollars

 

Class A warrant symbol:  OGN.WT

Class A warrant Cusip No.:  67088H 11 4

Class A warrant trading currency:  Canadian dollars

Temporary market-maker:  Jones, Gable & Company Ltd.

 

CDS Clearing and Depository Services Inc. will record the CDS participants who hold Class A units and Class A warrants on behalf of owners who have purchased or transferred Class A units and Class A warrants in accordance with the book-based system. Certificates evidencing Class A units or Class A warrants will not be issued unless a request for a certificate is made to the fund. As the Class A units and Class A warrants will trade in the book-based system of CDS, shareholders need not take any action with respect to receiving the Class A units and Class A warrants upon the separation of the Class A combined units.

Additional information on the Class A units and the Class A warrants can be found in the fund's prospectus dated Oct. 29, 2008, which is available at www.sedar.com. Capitalized terms not otherwise defined herein are as defined in the prospectus.

Warrants

Each whole Class A warrant will entitle the holder to purchase one Class A unit of the fund at a subscription price of $12 on or before 5 p.m. (Toronto time) on Nov. 30, 2009. Class A warrants not exercised by that time will become void and of no value.

The Class A warrants will be governed by the terms of a warrant indenture dated Nov. 14, 2008, between the fund and Computershare Trust Company of Canada. A fee of 18 cents per Class A warrant will be payable to the broker whose client is exercising the Class A warrant and 12 cents per Class A warrant will be payable by the fund to the agents for each Class A warrant exercised. The warrant indenture provides for appropriate adjustments to the rights of holders of Class A warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.

 

O'Leary Global unit, warrants to separate Dec. 8

 

2008-12-04 16:00 MT - Miscellaneous

TSX bulletin 2008-1398

Further to Toronto Stock Exchange bulletin 2008-1283, dated Nov. 12, 2008, which describes an initial public offering of the Class A combined units of the fund, the transferable Class A trust units and Class A unit purchase warrants, comprising the Class A combined units, will trade separately commencing at the open on Dec. 8, 2008, at which time the Class A combined units will be delisted.

Under the trading information set out below:

  1. 9.74 million Class A units will be listed, of which 4.87 million will be issued and outstanding;

  2. 4.87 million Class A warrants will be listed, all of which will be issued and outstanding

Class A unit symbol:  OGN.UN

Class A unit Cusip No.:  67088H 10 6

Class A unit trading currency:  Canadian dollars

 

Class A warrant symbol:  OGN.WT

Class A warrant Cusip No.:  67088H 11 4

Class A warrant trading currency:  Canadian dollars

Temporary market-maker:  Jones, Gable & Company Ltd.

 

CDS Clearing and Depository Services Inc. will record the CDS participants who hold Class A units and Class A warrants on behalf of owners who have purchased or transferred Class A units and Class A warrants in accordance with the book-based system. Certificates evidencing Class A units or Class A warrants will not be issued unless a request for a certificate is made to the fund. As the Class A units and Class A warrants will trade in the book-based system of CDS, shareholders need not take any action with respect to receiving the Class A units and Class A warrants upon the separation of the Class A combined units.

Additional information on the Class A units and the Class A warrants can be found in the fund's prospectus dated Oct. 29, 2008, which is available at www.sedar.com. Capitalized terms not otherwise defined herein are as defined in the prospectus.

Warrants

Each whole Class A warrant will entitle the holder to purchase one Class A unit of the fund at a subscription price of $12 on or before 5 p.m. (Toronto time) on Nov. 30, 2009. Class A warrants not exercised by that time will become void and of no value.

The Class A warrants will be governed by the terms of a warrant indenture dated Nov. 14, 2008, between the fund and Computershare Trust Company of Canada. A fee of 18 cents per Class A warrant will be payable to the broker whose client is exercising the Class A warrant and 12 cents per Class A warrant will be payable by the fund to the agents for each Class A warrant exercised. The warrant indenture provides for appropriate adjustments to the rights of holders of Class A warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.

 

O'Leary Global completes IPO, declares dividend

2008-11-14 15:08 MT - News Release

An anonymous director reports

O'LEARY GLOBAL INFRASTRUCTURE FUND SUCCESSFULLY CLOSES ITS $55.2 MILLION IPO - OGE.A IS NOW TRADING ON THE TORONTO STOCK EXCHANGE

O'Leary Global Infrastructure Fund has successfully completed its initial public offering of 4.6 million Class A combined units at a price of $12 per unit, for gross proceeds of $55.2-million. Each Class A combined unit consists of one transferrable Class A trust unit and one purchase Class A warrant. Each Class A warrant entitles the holder to purchase one Class A unit at a subscription price of $12 on or before 5 p.m. (Toronto time) on Nov. 30, 2009. The Class A combined units will separate into Class A units and Class A warrants upon the earlier of the closing of the overallotment option and 30 days following the closing. Once separated, the Class A unit and the Class A warrant will trade on the Toronto Stock Exchange independently under the symbols OGN.un and OGN.wt.

The fund has granted the agents an overallotment option to acquire up to an additional 690,000 Class A combined units.

The initial monthly cash distribution of six cents per Class A unit is payable on Jan. 15, 2009, to unitholders of record on Dec. 31, 2008.

The fund has been created to invest globally in:

Publicly traded equity and debt securities issued by infrastructure issuers with market capitalizations of at least $1-billion;
Investments in equity and debt securities of private issuers having infrastructure assets or operations.
The fund will permit investors to capitalize on the knowledge and capabilities of Stanton Asset Management Inc. and O'Leary Funds Inc., who will work together to identify global infrastructure investments. The portfolio will comprise primarily publicly traded equity and debt securities of infrastructure issuers with minimum market capitalizations of $1-billion. The portfolio adviser will invest in equities that it believes provide access to high-quality long-term assets, predictable cash flow, high dividend yields, reduced volatility and positive correlation to inflation, as well as capital appreciation, and in bonds that the portfolio adviser believes provide a steady income stream. In addition, up to 20 per cent of the fund's total assets may be invested in equity and debt securities of private issuers having infrastructure assets or operations.

The fund's investment objectives are:

To provide holders of the Class A units with monthly distributions initially targeted to be six cents per Class A unit (72 cents per annum, representing an annual cash distribution of 6 per cent based on the $12-per-Class-A-combined-unit issue price);
To provide long-term capital appreciation through investments in a sector positively correlated to inflation.
The syndicate of agents is co-led by CIBC World Markets Inc., RBC Capital Markets and BMO Capital Markets, and includes Scotia Capital Inc., Blackmont Capital Inc., Wellington West Capital Inc., Dundee Securities Corp., HSBC Securities (Canada) Inc., Raymond James Ltd. and Richardson Partners Financial Ltd.