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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Warrant Symbol - CTD.WT
Number Trading - 10,110,667
Expiration Date -
Cusip - 172951 11 3
Warrants called to trade news:
Separation of units
1998-01-13 03:57 MT - Miscellaneous
Further to exchange bulletin 97-1345
which described an offering of units
represented by instalment receipts
by Citadel Diversified Investment
Trust (symbol: CTD.IR), the
10,110,667 trust units, represented
by instalment receipts and
10,110,667 trust unit purchase
warrants will trade separately
commencing at the opening on
Wednesday, January 14 1998, at which
time the trust units represented by
instalment receipts will commence
trading on an ex-warrant basis.
There will be no change in the Cusip
number for the trust units
represented by instalment receipts.
Warrants
Symbol: CTD.WT
Cusip No: 172951 11 3
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
