Address: 300 - 110 Yonge St
Toronto ON M5C 1T4
Phone: 416 681 3900
Fax: 416 681 3901
Warrant Symbol - PIC.WT
Number Trading - 9,523,493
Expiration Date - December 15, 2011
Exercise Price - $23.65
Warrants Called to Trade News:
Premium Income to list 9.52 million warrants on TSX
2011-05-02 19:09 MT - Warrants Called to Trade
Premium Income Corp. will list up to 9,523,493 warrants on the Toronto Stock Exchange on a "when-issued" basis on May 4, 2011, according to the TSX. As in an April 28, 2011, news release, Premium Income plans to issue one warrant to shareholders of record on May 6, 2011, for every Class A share held. Two warrants entitle the holder to buy a unit at $23.65 on Dec. 15, 2011, only. Each unit consists of one Class A share and one preferred share. The ex distribution date is May 4, 2011.
Premium Income files final prospectus for warrants
2011-04-28 10:53 MT - News Release
Premium Income Corp. has filed a final short form prospectus relating to an offering of warrants to holders of its Class A shares. Each shareholder of record on May 6, 2011, will receive one warrant for each Class A share held.
Two warrants will entitle the holder to acquire one Class A share and one preferred share upon payment of the subscription price of $23.65. The Toronto Stock Exchange has conditionally approved the listing of the warrants under the symbol PIC.WT and the Class A shares and the preferred shares issuable upon the exercise thereof. It is expected that the warrants will commence trading on May 9, 2011, and will remain trading until noon (EST) on the expiry date of Dec. 15, 2011. Warrants may be exercised only on the expiry date.
The exercise of warrants by holders will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities and is also expected to increase the trading liquidity of the Class A shares and the preferred shares and to reduce the management expense ratio of the fund.