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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - National Bank of Canada
Website -
Symbol - NA.RT
Cusip Number - 633067 13 7 
Expiry Date - October 1 1990
News Releases

1990-09-07 19:07 ET - Rights Offering

The company will offer to shareholders of record on September 17 1990, rights to purchase shares of the company. One right will be issued for each common share held.

Basis of offering: Ten rights exercisable for one share at $8.00 per share
Record date: September 17 1990
Shares trade x-rt: September 11 1990
Rt called for trade: September 11 1990
Rt trade for cash: October 1 1990
Rt expire: October 1 1990
Rt trading symbol: NA.RT
Rt security No: 834287
Rt Cusip No: 633067 13 7

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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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