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: 1375 Kerns Rd
Burlington ON L7R 4X8
Phone: 88 710 4242
Fax: 800 660 2664
Website -
https://www.copernicancapital.com/
Warrant Symbol - EPD.WT
Number Trading - 5.75 million
Expiration Date - see below
Cusip - 29879E 11 4
Exercise Price - $10.00
Warrants called to trade news:
European Premium
Dividend to list on TSX on Nov.
19
2007-11-15 18:40 MT - New
Listing
TSX bulletin 2007-1624
An application has been granted
for the original listing in the
industrial category of up to
17.25 million trust units and up
to 5.75 million warrants of the
fund, of which up to 10 million
units and up to five million
warrants will be issued and
outstanding, and up to 7.25
million units and up to 750,000
warrants will be reserved for
issuance upon completion of an
initial public offering.
Listing of the units and
warrants will become effective
at 5:01 p.m. on Friday, Nov. 16,
2007, in anticipation of the
offering closing on Monday, Nov.
19, 2007. The units and warrants
will be posted for trading at
the open on Monday, Nov. 19,
2007. Each warrant entitles the
holder to purchase one unit of
the fund at specific times only
as described below, at a price
of $10 and will expire at 5 p.m.
(Toronto time) on Nov. 12, 2010.
The warrants may be exercised by
notifying the warrant trustee
between the first business day
of any month and 5 p.m. (Toronto
time) on the 10th business day
of such month until the expiry
time. Such warrants will be
exercised effective as at 5 p.m.
on the 10th business day of the
applicable month. A fee of 15
cents per warrant will be
payable by AIC Investment
Services Inc., at the time a
warrant is exercised, to the
dealer whose client is
exercising the warrant and 10
cents per warrant to the agents.
The warrants will be governed by
the terms of a warrant indenture
between the fund and CIBC Mellon
Trust Co. as trustee. The
warrant indenture provides for
appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other terms
of the capital reorganization.
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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.
