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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 - Aberdeen Asia-Pacific Income Investment Company Ltd
Website -
Symbol - FAP.RT
Cusip Number - Q0014D 12 3 
Expiry Date - Aug. 21, 2007
News Releases

Aberdeen Asia-Pacific Income rights offering

2007-07-19 19:56 ET - Rights Offering

TSX bulletin 2007-1036

Rights symbol: FAP.RT
Cusip number for rights: Q0014D 12 3
Shareholder entitlement: One right for each ordinary share held on the record date
Terms of the rights: Four rights plus $7.50 for one additional ordinary share
Expiry time: 4 p.m. (Toronto time), Aug. 21, 2007
Ex rights date: July 23, 2007
Record date: July 25, 2007

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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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