THE INVESTOR'S GUIDE TO WARRANTS:
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on the Fastest Growing Sector of
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by Andrew McHattie Rating: ISBN-10: 027303751X
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Website -
Symbol - FTN.RT
Cusip Number - 317504 11 6
Expiry Date - Sept. 19, 2014
News Releases
Financial 15 Split rights offering
2014-08-19 19:12 ET - Rights Offering
Financial 15 Split Corp. will grant Class A shareholders of record at the close of business on Monday, Aug. 25, 2014, rights to purchase units, according to the Toronto Stock Exchange. The TSX reports the company will issue one right for each Class A share held on the record date. Six rights will entitle the holder to buy one Financial 15 unit for $20.25. Each unit consists of one Class A share and one preferred share.
The company plans to use the net proceeds from the offering, expected to be $41,288,758, to acquire additional securities in accordance with its investment objectives.
Shares trade ex rights: Aug. 21, 2014
Rights trade for cash: Trades completed on Sept. 16, 2014, will be for special settlement on Sept. 18, 2014. Trades completed on Sept. 17 and Sept. 18, 2014, will settle on the next day in cash. All trades completed to 12 p.m. (Toronto time) on Sept. 19, 2014, will settle on the same day in cash.
Rights Expire: Sept. 19, 2014
Rights symbol: FTN.RT
Cusip No: 317504 11 6
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Canadian Exchanges News
Canadian Securities Exchange News
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.
