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: 600 - 33 Yonge St
Toronto ON M5E 1G4
Phone: 416 597 9595
Fax: 416 364 8894
Website:
https://www.frontstreetcapital.com
Warrant Symbol - MLP.WT
Number Trading - 7,542,467
Expiration Date - March 31, 2012
Cusip -
Exercise Price - $10.00
Warrants called to trade news:
Front Street MLP to list
warrants Jan. 11
TORONTO, Jan. 7 /CNW/ - (MLP and
MLP.WT) - Front Street MLP
Income Fund Ltd. is pleased to
announce that it has completed
the issuance of an additional
542,467 Units for gross proceeds
of $5,424,670. This issuance was
pursuant to the exercise of the
over-allotment option granted to
the agents in connection with
the Fund's recently completed
initial public offering. With
the exercise of the
over-allotment option, the total
gross proceeds raised by the
Fund is $75,424,670.
The Units issued at closing,
together with the Units issued
pursuant to the over-allotment
option, have separated into
Equity Shares and Warrants and
now trade on the Toronto Stock
Exchange separately under the
symbols: MLP and MLP.WT,
respectively. The Fund has
issued an aggregate of 7,542,467
Equity Shares and Warrants. Each
Warrant entitles the holder to
purchase one Equity Share at a
subscription price of $10.00 on
the last business day of any
calendar quarter (each a
"Warrant Exercise Date"),
commencing December 31, 2010 and
ending March 31, 2012 (the
"Expiry Date"). Warrants not
exercised by 5:00 p.m. (Toronto
time) on the Expiry Date will be
void and of no value.
Front Street MLP Income Fund
Ltd. has been created to provide
investors with exposure to the
performance of an actively
managed, diversified notional
portfolio (the "MLP Portfolio")
of energy infrastructure master
limited partnerships ("MLPs").
This is the first public
offering providing exposure to
an actively managed portfolio of
U.S. MLPs in Canada. MLPs are
U.S. limited partnerships that
are publicly traded on U.S.
securities exchanges. MLPs are
primarily engaged in the
transportation, storage,
processing, refining, marketing,
exploration and production and
mining of minerals or natural
resources. Front Street Capital
2004 is the manager of the Fund,
and SteelPath Fund Advisors, LLC
is the specialist MLP portfolio
advisor.
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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.
