Canadian Warrants - O'Leary Global Equity Income Fund

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O'Leary Global Equity Income Fund

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Address: Stanton Asset Management Inc. -
1010 Sherbrooke St. West, Suite 2310,
Montreal, QC H3A 2R7
Telephone: (514) 849-2007
Toll Free: 1-877-849-2004
Fax: (514) 849-0065
Website - https://www.stantonasset.com / https://www.gencapfunds.com/

Warrant Symbol - OGE.WT
Number Trading - 4,000,000
Expiration Date - December 31, 2010.
Cusip - 64156L 13 5
Exercise Price - $12.00

Warrants called to trade news:

O'Leary Global Equity Income to list on TSX on June 27

2008-06-25 17:34 MT - New Listing
TSX bulletin 2008-0705
An application has been granted for the original listing in the industrial category of up to 14,525,001 transferable trust units and up to 4,791,667 trust unit purchase warrants of O'Leary Global Equity Income Fund, of which up to 8,333,334 trust units and up to 4,166,667 warrants will be issued and outstanding, and up to 6,191,667 trust units and 625,000 warrants will be reserved for issuance upon completion of an initial public offering.

Listing of the trust units and warrants will become effective at 5:01 p.m. on Thursday, June 26, 2008, in anticipation of the offering closing on Friday, June 27, 2008. The trust units and warrants, other than those which have not been distributed to the public, will be posted for trading at the open on Friday, June 27, 2008.

The trust units and warrants will be sold to the public in the form of units at a price of $12 per unit. Each unit consists of one trust unit and one-half of a warrant. The units will separate immediately upon closing of the offering.

Each whole warrant entitles the holder to purchase one trust unit at a subscription price of $12 on or before 5 p.m. (Toronto time) on Dec. 31, 2010. A warrant exercise fee of 18 cents per warrant will be payable by the fund at the time a warrant is exercised to the broker whose client is exercising the warrant and 12 cents per warrant will be payable by the fund to the agents.

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The tr The warrants will be governed by the terms of a warrant indenture to be dated as of June 27, 2008, between the fund and Computershare Trust Co. of Canada as warrant trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Registration of interests in and transfers of trust units and warrants will be conducted through the book-based system administered by CDS Clearing and Depository Services Inc. Accordingly, a subscriber who purchases units will receive a customer confirmation from the registered dealer from or through whom units are purchased. Transfers of ownership of trust units and warrants will be effected through records maintained by CDS participants.

Certificates evidencing trust units or warrants will not be issued unless a request for a certificate is made to the fund.

Additional information on the trust units and warrants can be found in the final prospectus dated May 30, 2008, which is available on www.sedar.com. Capitalized terms not otherwise defined are as defined in the final prospectus.

Trust unit symbol: OGE.UN
Trust unit Cusip No.: 67087E 20 3
Trust unit trading currency: Canadian dollars

Warrant symbol: OGE.WT
Warrant Cusip No.: 67087E 11 2
Warrant trading currency: Canadian dollars
Temporary market-maker: Dundee Securities Corp.
Other markets: None
Incorporation: The fund is an investment trust established under the laws of the Province of Ontario pursuant to a declaration of trust dated as of May 30, 2008.
Fiscal year-end: Dec. 31

Nature of business: The fund has been created to invest primarily in global income-generating equity securities. The net proceeds of the offering will be invested in an actively managed portfolio which will be diversified globally by region, by country and by industry sector. The fund's portfolio will consist primarily of publicly traded common shares and preferred shares of issuers with a market capitalization of $1-billion or more. The fund may also invest up to 20 per cent of total assets in private issuers.

Transfer agent and registrar: Computershare Investor Services Inc. at its principal office in Toronto for the trust units and Computershare Trust Co. of Canada at its principal office in Toronto for the warrants.

Distributions: The fund intends to make monthly distributions to unitholders of record on the last business day of each month. Distributions will be paid on a business day designated by the manager that will be no later than the 15th day of the following month. The fund will not have a fixed monthly distribution, but will determine and announce each July, commencing in July, 2009, an expected distribution amount for the following 12 months. The initial cash distribution is anticipated to be payable on Sept. 15, 2008, to unitholders of record on Aug. 29, 2008, based on an anticipated closing of June 27, 2008.

Public offering: Pursuant to the terms of the prospectus, the units are being offered to the public by CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Capital Corp., Desjardins Securities Inc., Dundee Securities Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc. and GMP Securities LP, as agents, at a price of $12 per unit.

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Warrant Terms

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.

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