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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - First Asset Pipes & Power Income Fund
Website -
Symbol - EWP.RT
Cusip Number - 318625 11 8 
Expiry Date - Sept. 28, 2006
News Releases

First Asset Pipes & Power rights offering

2006-08-24 19:11 ET - Rights Offering

TSX bulletin 2006-1068

Rights symbol: EWP.RT
Rights Cusip No.: 318625 11 8
Unitholder entitlement: One right for each unit held on the record date
Terms of the rights: Four rights plus $8 for one additional unit
Expiry time: 4 p.m. (Toronto time), Sept. 28, 2006
Ex rights date: Aug. 28, 2006
Record date: Aug. 30, 2006.

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Explanation

Rights

Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.

 

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