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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 - Tree Island Wire Income Fund
Website -
Symbol - TIL.RT
Cusip Number - 894921 11 3 
Expiry Date - Jan. 27, 2010
News Releases

Tree Island rights offering

2009-12-22 22:30 ET - Rights Offering

TSX bulletin 2009-1754

Stock symbol: TIL.RT
Cusip number for rights: 894921 11 3
Securityholder entitlement: One right for each unit held on the record date
Terms of the rights: 221.12489 rights plus $100 for $100 principal amount of 10-per-cent second lien convertible debentures
Expiry time: 5 p.m. (Vancouver time), Jan. 27, 2010
Ex rights date: Dec. 24, 2009
Record date: Dec. 30, 2009

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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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