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 - IU.WT.S
Number Trading - 4,672,985
Expiration Date -
Cusip - 13663Y 11 4
Warrants called to trade news:
Canadian Splitshare change
of provisions
2000-03-10 11:32 MT - Miscellaneous
TSE Bulletin 2000-0315
The exchange has been advised that
the following adjustments have been
made to the terms of the dividend
capital receipts (symbol: IU.P) of
Canadian Splitshare derived from
Toronto 35 Index Participating units
as a consequence of the merger
completed on March 6, 2000, of the
Toronto 35 Index Participation Fund
with the iUnits S&P/TSE 60 Index
Participation Fund:
a) the number of outstanding
dividend capital receipts was
reduced from 5,100,755 to 4,672,985,
representing a consolidation of each
outstanding dividend capital receipt
on a 1-for-0.9161361 basis;
b) the maximum receipt maturity
value was increased from $30 to
$32.84; and
c) the quarterly administration fee
was increased from 0.5 cent to 0.55
cent per quarter.
Holders may receive fractional
interests in dividend capital
receipts as a consequence of the
adjustments set out above. Such
holders should consult their
investment advisors respecting their
disposition. Refer to exchange
bulletins 2000-0250 dated Feb. 28,
2000, and 2000-0294 dated March 7,
2000, for details of the merger and
refer to exchange bulletins
2000-0271 dated March 2, 2000,
2000-0282 dated March 3, 2000,
2000-0288 dated March 6, 2000, and
2000-0296 dated March 7, 2000, for
details of the change of name, stock
symbol and cusip number of the TIPs
dividend capital receipts to
Canadian Splitshare Corporation --
dividend capital receipts. The
initial exchange bulletin describing
the TIPs dividend capital receipts
is bulletin 95-1416 dated Dec. 28,
1995.
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- 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.
