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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First Canadian Place
58th Floor
Toronto, ON M5X 1A6
Canada
Warrant Symbol - GMF.WT
Number Trading -
Expiration Date - October 14,
2011
Cusip -
Exercise Price - $12.00
Warrants called to trade news:
GMIncome closes IPO
overallotment
2010-11-16 14:03 MT - News
Release
GMIncome & Growth Fund has
completed the closing of the
overallotment option granted to
the agents in GMI's recently
completed initial public
offering. In conjunction with
this closing, each GMI combined
unit, which consisted of one
unit of the fund and one unit
purchase warrant, has separated,
and the underlying units and
warrants commenced trading on
the Toronto Stock Exchange at
the open on Nov. 16, 2010, under
the symbols GMF.UN and GMF.WT,
respectively. Each warrant
entitles the holder to purchase
one unit at a subscription price
of $12 on or before 5 p.m.
(Toronto time) on Oct. 14, 2011.
Warrants not exercised by the
expiry time will be void and of
no value.
Guardian Capital LP and
Middlefield Capital Corporation
act as co-advisers of the fund.
Led by John Priestman, GCLP and
MCC have successfully co-advised
several closed-end funds focused
on the Canadian equity income
sector since 2001. All of the
closed-end funds for which GCLP
and MCC act as co-advisers have
paid distributions to date in
accordance with their respective
investment objectives.
GMI's investment objectives are
to pay monthly cash
distributions to unitholders
initially targeted to be 7.0 per
cent per unit per annum based on
the original subscription price,
and maximize total returns for
unitholders, consisting both of
cash distributions and capital
appreciation, while reducing
risk and preserving capital
through active investment
management.
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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.
