Address: 2040 - 181 Bay St
Toronto ON M5J 2T3
Phone: 416 601 2430
Fax: 416 601 2423
Website - http://www.navinacapital.com/
Warrant Symbol - AGB.WT
Number Trading - 11.5 million
Expiration Date - see below
Cusip - 37949D 11 5Exercise Price - $10.00
Warrants called to trade news:
Global Agribusiness Trust closes $40-million IPO
2007-11-16 09:19 MT - News Release
Global Agribusiness Trust has completed its initial public offering of four million units at $10.00 per unit, for gross proceeds of $40-million. Each unit consists of one redeemable, transferable trust unit and a trust unit purchase warrant. Each warrant entitles the holder to purchase one trust unit at a subscription price of $10.00 on or before 5 p.m. on Nov. 30, 2010, as described in the prospectus.
The trust has granted the agents an overallotment option to acquire up to 600,000 trust units and 600,000 warrants exercisable at any time within the 30 days following the date hereof.The trusts units and warrants began trading Friday, Nov. 16, 2007, on the Toronto Stock Exchange under the symbols AGB.UN and AGB.WT, respectively.
The trust was created to provide unitholders with exposure to a portfolio consisting primarily of publicly listed businesses engaged in the demand and supply chains of the global agribusiness industry. The portfolio is expected to consist of 40 to 60 equity securities selected from among the world's largest agribusiness issuers by Lawrence Asset Management Inc.
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The offering is being made through a syndicate of agents led by CIBC World Markets Inc. that includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Adams, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital Inc., Desjardins Securities Inc., GMP Securities L.P., MGI Securities Inc., Rothenberg Capital Management Inc., Richardson Partners Financial Limited and Wellington West Capital Inc.
Global Agribusiness Trust to list on TSX on Nov. 16
2007-11-14 20:34 MT - New Listing
TSX bulletin 2007-1613
An application has been granted for the original listing in the industrial category of up to 11.5 million redeemable, transferable trust units and up to 11.5 million trust unit purchase warrants of the fund, of which up to 10 million units and up to 10 million warrants will be issued and outstanding, and up to 1.5 million units and up to 1.5 million warrants will be reserved for issuance upon completion of an initial public offering.
Listing of the units and warrants will become effective at 5:01 p.m. on Thursday, Nov. 15, 2007, in anticipation of the offering closing on Friday, Nov. 16, 2007. The units and warrants will be posted for trading at the open on Friday, Nov. 16, 2007.
Each warrant entitles the holder to purchase one unit of the fund at a price of $10 on or before 5 p.m. (Toronto time) on Nov. 30, 2010. The warrants can be exercised by notifying Computershare Trust Co. of Canada between the first business day of any month and 5 p.m. (Toronto time) on the 10th business day of such month up until Nov., 2010. Such warrants will be exercised effective as at 5 p.m. (Toronto time) on the 10th business day of the applicable month. warrants are also exercisable on Nov. 30, 2010, prior to 5 p.m. (Toronto time). A fee of 15 cents per warrant will be payable by the fund at the time a warrant is exercised to the broker whose client is exercising the warrant and 10 cents per warrant will be payable by the fund to the agents. The warrants will be governed by the terms of a warrant indenture between the fund and Computershare Investor Services Inc. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other terms of the capital reorganization.
Registration of interests in and transfers of units and the warrants will be made only through the book-entry-only system of CDS Clearing and Depository Services Inc. Units and warrants must be purchased, transferred and surrendered for retraction only through a CDS participant. Beneficial owners of units and warrants will not have the right to receive physical certificates evidencing their ownership.
Additional information on the units and warrants can be found in the final prospectus of the fund dated Oct. 29, 2007, which is available at www.sedar.com. Capitalized terms not otherwise defined are as defined in the prospectus.
Unit symbol: AGB.UN
Unit Cusip No.: 37949D 10 7
Unit trading currency: Canadian dollars
Warrant symbol: AGB.WT
Warrant Cusip No.: 37949D 11 5
Warrant trading currency: Canadian dollars
Temporary Market Maker: Byron Securities
Other markets: None
Incorporation: The fund is an investment trust established under the laws of the province of Ontario pursuant to a trust declaration by Navina Capital Corp. as trustee of the fund on Oct. 29, 2007.
Fiscal year-end: Dec. 31
Transfer agent and registrar: Computershare Investor Services Inc. at its principal office in Toronto
Nature of business: The fund has been created to provide investors with exposure to the returns of an actively managed, diversified portfolio comprising primarily publicly listed securities of issuers that are engaged in the demand and supply chains of the global agribusiness industry.
Distributions: The fund intends to
make monthly distributions to unitholders
of record on the last business day of
each month. Distributions will be paid
on a business day designated by the
manager that will be no later than the
15th day of the following month. The
fund will not have a fixed monthly distribution
but will determine and announce each
December, commencing in December, 2008,
an expected distribution amount for
the following calendar year. The initial
cash distribution is anticipated to
be payable on Jan. 15, 2008, to unitholders
of record on Dec. 31, 2007.
Initial public offering: Pursuant
to the terms of the prospectus, 10 million
units are being offered to the public
at a price of $10 per unit by CIBC World
Markets Inc., BMO Nesbitt Burns Inc.,
National Bank Financial Inc., TD Securities
Inc., Canaccord Capital Corp., Dundee
Securities Corp., HSBC Securities (Canada)
Inc., Raymond James Ltd., Berkshire
Securities Inc., Blackmont Capital Inc.,
Desjardins Securities Inc., GMP Securities
LP, MGI Securities Inc., Rothenberg
Capital Management Inc., Richardson
Partners Financial Ltd., Wellington
West Capital Inc., as agents. In addition,
the underwriters have been granted an
overallotment option exercisable in
whole or in part for a period of 30
days following the closing of the offering,
to purchase a total of up to 15 per
cent of the total number of units, and
15 per cen tof the total number of warrants.
The units will separate into units and
warrants immediately upon closing of