Address: 3900 - 350 7th Ave SW
Calgary AB T2P 3N9
Phone: 403 234 2781
Fax: 403 571 5554
Warrant Symbol - EIT.WT.A
Number Trading -
Expiration Date - Sept. 20, 2011
Exercise Price - $15.27
Warrant Symbol - EIT.WT
Number Trading - 22,485,646
Expiration Date - Sept. 23, 2010
Cusip - 292963 21 2
Exercise Price - $13.31
Warrants called to trade news
EnerVest Diversified files warrant offering prospectus
2011-01-17 17:52 MT - News Release
EnerVest Diversified Income Trust has filed its final prospectus for an offering of warrants to unitholders of the fund. Each unitholder of record on Jan. 25, 2011, will be entitled to one-quarter of a warrant for each EnerVest unit held.
At any time prior to the expiry date of 5 p.m. (Calgary time) on Sept. 20, 2011, each whole warrant will entitle the holder to subscribe for one unit of EnerVest upon payment of the subscription price of $15.27. The subscription price represents a discount of 5 per cent to the most recently calculated net asset value per unit prior to the date of filing the preliminary prospectus. The warrants are also subject to a call right provision, which becomes effective on May 25, 2011. If the trading price of the units exceeds the subscription price for 10 consecutive trading days, the fund has the right to call the warrants. If the warrants are called, investors will have 20 business days to exercise them, after which they will expire.
Warrants issued pursuant to the offering will not be eligible to receive distributions. However, subject to applicable record dates, units received upon exercise of the warrants will be eligible to receive distributions from the fund.
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