First Canadian Place
Toronto, ON M5X 1A6
Warrant Symbol - GMF.WT
Number Trading -
Expiration Date - October 14, 2011
Exercise Price - $12.00
Warrants called to Trade News:
GMIncome closes IPO overallotment
2010-11-16 14:03 MT - News Release
GMIncome & Growth Fund has completed the closing of the overallotment option granted to the agents in GMI's recently completed initial public offering. In conjunction with this closing, each GMI combined unit, which consisted of one unit of the fund and one unit purchase warrant, has separated, and the underlying units and warrants commenced trading on the Toronto Stock Exchange at the open on Nov. 16, 2010, under the symbols GMF.UN and GMF.WT, respectively. Each warrant entitles the holder to purchase one unit at a subscription price of $12 on or before 5 p.m. (Toronto time) on Oct. 14, 2011. Warrants not exercised by the expiry time will be void and of no value.
Guardian Capital LP and Middlefield Capital Corporation act as co-advisers of the fund. Led by John Priestman, GCLP and MCC have successfully co-advised several closed-end funds focused on the Canadian equity income sector since 2001. All of the closed-end funds for which GCLP and MCC act as co-advisers have paid distributions to date in accordance with their respective investment objectives.
GMI's investment objectives are to pay monthly cash distributions to unitholders initially targeted to be 7.0 per cent per unit per annum based on the original subscription price, and maximize total returns for unitholders, consisting both of cash distributions and capital appreciation, while reducing risk and preserving capital through active investment management.
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