| Canadian Realty Finance Warrants |
|
|
| Canadian Realty Finance |
|
|
| Canadian Realty Finance Units |
|
|
Name - C.A.Bancorp
Canadian Realty Finance Corp
Address: 2810 - 130 King St W
Toronto ON M5X 1A4
Phone: 416 214 5985
Fax: 416 861 8166
Website -
http://www.cabancorp.com
Warrant Symbol - RF.WT
Number Trading -
Expiration Date -
Cusip -
Exercise
Price
Warrants called to trade news:
C.A. Bancorp,
C.A. Bancorp Cdn issue greenshoe units
2008-10-01 14:52 MT - News Release
C.A. Bancorp Inc. and C.A. Bancorp Canadian Realty Finance Corp. have issued
an additional 200,000 units for gross proceeds to C.A. Bancorp Canadian of $2-million
pursuant to the exercise by the agents of their overallotment option to acquire
additional units. Each unit consists of one Class A share and one warrant to
purchase a Series 1 preferred share.
The overallotment option was granted to the agents by the corporation to cover
overallotments under the terms of the corporation's public offering completed
on Sept. 12, 2008.
Gross proceeds
Including the exercise of the overallotment option, the total gross proceeds
raised from the offering are $29-million.
Trading information
The securities forming a unit trade together on the Toronto Stock Exchange under
the symbol RF.UN as a unit and cannot be transferred except as part of a unit
and the warrants may not be exercised for the first 30 days following the closing
of the offering. Thereafter, the Class A shares and the warrants will trade
separately on the TSX under the symbols RF.A and RF.WT, respectively.
The Class A shares
The corporation's investment objectives with respect to the Class A shares are
to:
Pay quarterly cash distributions, initially expected to be 19 cents per quarter
per Class A share or 7.6 per cent per year, based on the original issue price
of $10 per unit;
To preserve the net asset value of the Class A shares.
The warrants
Each warrant will entitle the holder to purchase one preferred share at a subscription
price of $23.75 at any time on or before 4 p.m. (Toronto time) on Sept. 30,
2011.
The preferred shares
The corporation's investment objectives with respect to the preferred shares
are to:
Pay fixed cumulative preferential quarterly cash distributions in the amount
of 42.19 cents per preferred share representing a yield of 6.75 per cent per
year on the original issue price of $25 per preferred share;
Return the original issue price of the preferred shares ($25 per share) on March
31, 2018.
Agents
The syndicate of agents was co-led by Canaccord Capital Corp., CIBC World Markets
Inc. and National Bank Financial Inc., and included TD Securities Inc., Blackmont
Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington
West Capital Inc., Dundee Securities Corp., GMP Securities LP, Industrial Alliance
Securities Inc., Jory Capital Inc., Laurentian Bank Securities Inc., Manulife
Securities Inc., Desjardins Securities Inc., Research Capital Corp. and Richardson
Partners Financial Ltd.