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 - IRP.RT
Cusip Number - 46016E 11 2
Expiry Date - November 9 1987
News Releases
1987-09-18 18:48 ET - Rights Offering
The company has announced it will offer to shareholders of record at September 30 1987 rights to purchase units of the company.
Basis of offering: Ten rights exercisable for one unit at $4.25 per unit.
Record date: September 30 1987
Shares trade x-rt: September 24 1987
Rt called to trade: September 24 1987
Rt trade for cash: November 2 1987
Rt expire: November 9 1987
Trading symbol: IRP.RT
Security No: 834290
Cusip No: 46016E 11 2
A-Wt expire: September 29 1988
A-Wt price: $4.50
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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.
