Address: 300 - 100 King St W
Toronto ON M5X 1H3
Phone: 416 359 4000
Fax: 416 359 5727
Warrant Symbol - XYM.WT
Number Trading - 7,675,682
Expiration Date - October 31, 2011
Exercise Price - $12.00
Warrants Called to Trade News:
Star Portfolio agents exercise greenshoe
2010-11-16 06:56 MT - News Release
Star Portfolio Corp. has completed an issuance of an additional 425,682 units in respect of Star Yield Managers Class pursuant to the partial exercise of the overallotment option granted to the corporation's agents in its recently completed initial public offering. Each unit entitles the holder thereof to one Star Yield Managers Class share of the corporation and one transferable warrant. Altogether, the corporation has raised gross proceeds of $92,108,184 under its offering of units (including the proceeds from the overallotment option).
The corporation is also announcing the separation of the units into shares and warrants to purchase shares. The shares and warrants are listed on the Toronto Stock Exchange under the symbols XYM and XYM.WT, respectively.
Each warrant entitles the holder to purchase one share at a subscription price of $12 on or before 5 p.m. (Toronto time) on Oct. 31, 2011. Warrants not exercised by the warrant expiry time will be void and of no value. Once separated, the shares and the warrants will trade on the TSX independently under the symbols XYM and XYM.WT.
The fund has been created to provide investors with attractive tax-efficient distributions and the opportunity for capital appreciation through investment in, or exposure to, diversified private investment funds or portfolios of income-generating securities managed by three of Canada's leading investment managers and their teams: Oscar Belaiche of Goodman & Co. Investment Counsel Ltd.; Eric Bushell of Signature Global Advisors (CI Investments Inc.); and Ben Cheng of Catapult Financial Management Inc., a wholly owned subsidiary of Aston Hill Financial Inc.
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