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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 - FAY.WT.A
Number Trading - 5,251,478
Expiration Date - June 25, 2010
Cusip - 318620 13 5
Exercise Price - $16.59
Warrant Symbol - FAY.WT
Number Trading - 2,612,804
Expiration Date - July 23, 2009
Cusip - 318620 12 7
Exercise Price - $14.05
Warrants called to trade news:
First Asset Yield to
list 5.25 million warrants
2010-01-21 17:31 MT - Warrants
Called to Trade
TSX bulletin 2010-0091
Holders of Series A units
(symbol: FAY.UN) of First Asset
Yield Opportunity Trust of
record as of the close of
business on Wednesday, Jan. 27,
2010, will be issued warrants,
on the basis of one whole
warrant for each unit held. Two
warrants entitle the holder to
purchase one unit at a price of
$16.59 on or before 5 p.m.
(Toronto time) on June 25, 2010.
The warrants may be exercised
commencing on Jan. 28, 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, Jan. 25,
2010, at which time up to
5,251,478 warrants will be
posted for trading on a
when-issued basis, under the
following trading information:
Symbol: FAY.WT.A
Cusip No.: 318620 13 5
Trading currency: Canadian
Designated market maker: Byron
Securities Ltd.
Other markets: None
Additional information on the
warrant offering may be found in
the fund's short-form prospectus
dated Jan. 14, 2010, which is
available at SEDAR. Capitalized
terms used but not otherwise
defined are as defined in the
prospectus.
read more... || collapse
The fund uses the book-entry
only system administered by CDS
Clearing and Depository Services
Inc. with respect to units and
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. 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. 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. 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 are not registered
under the 1933 act. The offering
is made in Canada and not
outside of Canada. The 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 in the
United States.
It is expected that the CDS
participant will, prior to the
expiry date, attempt to sell for
the U.S. unitholders the
warrants allottable to such U.S.
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 U.S.
unitholders.
The warrants will be governed by
the terms of a warrant indenture
dated Jan. 14, 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
28 cents per unit to the dealer
whose client is exercising the
warrants.
First Asset Yield to
list 2,612,804 warrants on Feb.
26
2009-02-24 18:25 MST - Warrants
Called to Trade
TSX bulletin 2009-0247
A total of up to 2,612,804
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: FAY.WT
Warrant Cusip No.: 318620 12 7
Warrant trading currency:
Canadian dollars
Designated market-maker: Bryon
Securities Ltd.
Other markets: None
The warrants are being issued to
holders of outstanding Series A
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
$14.05 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 8 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 Yield files
final prospectus for offering
2009-02-18 16:47 MT -
News Release
First Asset Yield Opportunity
Trust has filed a final short
form prospectus relating to an
offering of warrants to Series A
unitholders of the fund. Each
Series A unitholder of record on
March 2, 2009, will receive one
warrant for each Series A unit
held. One warrant will entitle
the holder to purchase a Series
A unit of the fund at an
exercise price of $14.05 (being
the lesser of (i) the most
recently published net asset
value per Series A unit prior to
the date of the preliminary
short form prospectus, and (ii)
the most recently calculated net
asset value per Series A 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 FAY.WT and the
Series A 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
warrant 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.
