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Address: 1400 - 95 Wellington St
W
Toronto ON M5J 2N7
Phone: 416 642 1289
Fax: 416 362 2199
Website:
https://www.firstassetfunds.com
Warrant Symbol - EWP.WT.A
Number Trading - 6,850,958
Expiration Date - July 23, 2010
Cusip - 318625 13 4
Exercise Price - $7.09
Warrant Symbol - EWP.WT
Number Trading - 8,075,056
Expiration Date - July 23, 2009
Cusip - 318625 12 6
Exercise Price - $5.88
Warrants called to trade news:
First Asset Pipes to
list 6.85 million warrants
2010-02-18 17:02 MT - Warrants
Called to Trade
TSX bulletin 2010-0197
Holders of redeemable,
transferrable units (symbol:
EWP.UN) of First Asset
Pipes & Power Income Fund of
record as of the close of
business on
Wednesday, Feb. 24, 2010, will
be issued warrants, on the basis
of one
whole warrant for each unit
held. Each two whole warrants
entitle the
holder to purchase one unit at a
price of $7.09 per unit on or
before 5
p.m. (Toronto time) on July 23,
2010. The warrants may be
exercised
commencing on Feb. 25, 2010.
Warrants not exercised by the
expiry time will
be void and of no value.
The units of the fund will
commence trading on an ex
distribution basis at
the opening on Monday, Feb. 22,
2010, at which time up to
6,850,958
warrants will be posted for
trading on a when-issued basis,
under the
following trading information:
read more... || collapse
Symbol: EWP.WT.A
Cusip: 318625 13 4
Trading currency: Canadian
Designated market-maker:
Independent Trading Group
Other markets: None
Additional information on the
warrant offering may be found in
the fund's
short-form prospectus dated Feb.
10, 2010, which is available at
SEDAR.
Capitalized terms used but not
otherwise defined are as defined
in the
prospectus.
The fund uses the book-entry
only system administered by CDS
Clearing and
Depository Services Inc. with
respect to units and the
book-based system,
with respect to the warrants.
The fund may also use the
non-certificated
issue system or another system
administered by CDS.
A holder of warrants may
subscribe for the resulting
number of units or any
lesser whole number of units by
instructing the CDS participant
holding the
subscriber's warrants to
exercise all or a specified
number of such
warrants and forwarding the
subscription price for each unit
subscribed for
in accordance with the terms of
the offering and the warrant
indenture to
the CDS participant which holds
the subscriber's warrants. The
subscription
price is payable in Canadian
funds by certified cheque, bank
draft or money
order drawn to the order of a
CDS participant, by direct debit
from the
subscriber's brokerage account
or, by electronic funds transfer
or other
similar payment mechanism. All
payments must be forwarded to
the
appropriate office of the CDS
participant. The entire
subscription price
for units subscribed for must be
paid at the time of subscription
and must
be received by the warrant agent
prior to 5 p.m. (Toronto time)
on the
expiry date.
Each holder of warrants that
subscribes for units to which
such holder is
entitled pursuant to the basic
subscription privilege may, at
any time
during the exercise period,
subscribe for additional units
pursuant to the
additional subscription
privilege, if applicable, at a
price equal to the
subscription price for each
additional unit subject to
availability.
Holders of warrants must fully
exercise all of their warrants
under the
basic subscription privilege in
order to be eligible for the
additional
subscription privilege. To apply
for additional units under the
additional
subscription privilege, a
beneficial holder of warrants
must forward their
request to a CDS participant
prior to 5 p.m. (Toronto time)
on the expiry
date. Payment for additional
units, in the same manner as for
units, must
accompany the request when it is
delivered to the CDS
participant, as the
case may be. Any excess funds
will be returned by mail or
credited to a
subscriber's account with its
CDS participant without interest
or
deduction. Payment in full of
the subscription price must be
received by
the warrant agent prior to 5
p.m. (Toronto time) on the
expiry date,
failing which the subscriber's
entitlement to such units will
terminate.
Accordingly, the subscriber must
deliver payment and instructions
sufficiently in advance of the
expiry date to allow the CDS
participant to
properly exercise warrants on
such subscriber's behalf and
apply for
additional units under the
additional subscription
privilege, as
applicable.
The units of the fund are not
registered under the 1933 act.
This offering
is made in Canada and not
outside of Canada. This offering
is not, and
under no circumstances is to be
construed as, an offering of any
units for
sale in the United States or an
offering to or for the account
or benefit
of any U.S. person or a
solicitation therein of an offer
to buy any
securities. Accordingly, no
subscriptions will be accepted
from any person,
or their agent, who appears to
be, or who the fund has reason
to believe
is, a national or resident of
the United States.
It is expected that the CDS
participant for unitholders
resident outside of
Canada will, prior to the expiry
date, attempt to sell for the
warrants
allotable to such unitholders at
the price or prices it
determines in its
discretion. Any proceeds
received by the CDS participant
with respect to
such warrants are expected to be
delivered by the CDS participant
as soon
as practicable to such
unitholders.
The warrants will be governed by
the terms of a warrant indenture
dated
Feb. 16, 2010, between the fund
and Computershare Trust Company
of Canada,
as warrant agent. The warrant
indenture provides for
appropriate
adjustments to the warrants in
the event of stock dividends,
subdivisions,
consolidations and other forms
of capital reorganization. The
fund will pay
a fee at the time the warrants
are exercised equal to $7.09 per
unit to the
dealer whose client is
exercising the warrants.
First Asset Pipes to
list 8,075,056 warrants on Feb.
26
2009-02-24 16:51 MST - Warrants
Called to Trade
TSX bulletin 2009-0243
A total of up to 8,075,056
warrants of the fund will be
listed and posted for trading at
the open on Thursday, Feb. 26,
2009, on a when-issued basis,
under the following trading
information.
Warrant symbol: EWP.WT
Warrant Cusip No.: 318625 12 6
Warrant trading currency:
Canadian dollars
Designated market-maker:
Independent Trading Group
Other markets: None
The warrants are being issued to
holders of outstanding
transferable, redeemable units
of the fund of record as of the
close on Monday, March 2, 2009,
on the basis of one warrant for
each unit held. Each warrant
entitles the holder thereof to
subscribe for one unit at a
subscription price of $5.88 per
unit until 5 p.m. (Toronto time)
on July 23, 2009. The warrants
may be exercised commencing on
March 3, 2009. Warrants not
exercised by the expiry time
will be void and of no value.
Holders of warrants who exercise
their warrants in full are
entitled to exercise an
additional subscription
privilege to purchase, on a pro
rata basis, units not issued
pursuant to the exercise of the
basic subscription privilege by
other holders of warrants, as
set forth on page 7 of the
fund's short form prospectus
dated Feb. 18, 2009.
Registration of interests in and
transfers shall be made through
the book-based system operated
by CDS Clearing and Depository
Services Inc. Transfers of
ownership of warrants will be
affected through records
maintained by CDS participants.
The warrants are governed by the
terms of a warrant indenture
dated Feb. 18, 2009, between the
fund and Computershare Trust
Company of Canada. The warrant
indentures provide for
appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms
of capital reorganization.
Please see elsewhere in today's
Toronto Stock Exchange bulletins
for information regarding the
distribution to unitholders of
the fund.
First Asset Pipes files
final prospectus for offering
2009-02-18 16:54 MT - News
Release
First Asset Pipes & Power Income
Fund has filed a final short
form prospectus relating to an
offering of warrants to
unitholders of the fund. Each
unitholder of record on March 2,
2009, will receive one warrant
for each unit held. One warrant
will entitle the holder to
purchase a unit of the fund at
an exercise price of $5.88
(being the most recently
published net asset value per
unit prior to the date of the
final short form prospectus) on
or before July 23, 2009, the
expiry date.
The fund has applied to list the
warrants under the ticker symbol
EWP.WT and the units issuable on
the exercise thereof on the
Toronto Stock Exchange. It is
expected that the warrants will
commence trading on Feb. 26,
2009, and will remain trading
until noon (Toronto time) on the
expiry date July 23, 2009.
Successful completion of the
warrants offering will provide
the fund with additional capital
that can be used to take
advantage of attractive
investment opportunities, and it
is also expected to increase the
trading liquidity of the units
and reduce the continuing
management expense ratio of the
fund.
