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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Address: 1067 Sherwin Rd
Winnipeg MB R3H 0T8
Phone: 204 982 1850
Fax: 204 982 1855
Website:
https://www.exchangeincomecorp.ca/
Warrant Symbol - EIF.WT
Number Trading - 1,947,670
Expiration Date - April 7, 2011
Cusip - 301283 11 5
Exercise Price - $10.00
Warrants called to trade news:
Exchange Income to list 1.94
million warrants Dec. 29
2009-12-23 10:05 MT - Warrants
Called to Trade
TSX bulletin 2009-1767
A total of 1,947,670 common
share purchase warrants of
Exchange Income Corp. will be
listed and posted for trading at
the opening on Tuesday, Dec. 29,
2009, under the following
trading information:
Symbol: EIF.WT
Cusip No.: 301283 11 5
Trading currency: Canadian
Temporary market-maker:
Desjardins Securities Inc.
Other markets: None
The listing covers warrants
forming part of the 2,421,053
units sold to the public at a
price of $9.50 per unit pursuant
to the terms of a short-form
prospectus offering dated March
30, 2009, by Exchange Industrial
Income Fund, the predecessor
issuer to the company. Each unit
consisted of one Class A trust
unit and one Class A trust unit
purchase warrant. On July 28,
2009, the fund completed its
plan of arrangement whereby the
fund was converted into the
company. The rights of the
holders of warrants to receive
Class A trust units of the fund
upon exercise of the warrants
were exchanged for rights to
receive common shares.
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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.
