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
no time to read, try audiobooks
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Website -
Symbol - IIN.RT
Cusip Number - 44977P 11 9
Expiry Date - April 24, 1987
News Releases
1987-03-18 03:00 ET - Rights Offering
The company has announced it will offer to shareholders of record on March 27, 1987, rights to purchase shares of the company.
Basis of offering: Three rights exercisable for one share at $1.40per share
Record date: March 27, 1987
Shares trade x-rt: March 23, 1987
Rt trade for cash: April 16, 1987
Rt expire: April 24, 1987
Rt trading symbol: IIN.RT
Rt security No: 834229
Rt Cusip No: 44977P 11 9
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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.
