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: 300 - 1 First Canadian
Place,
100 King St W
Toronto ON M5X 1H3
Phone: 416 359 7742
Fax: 416 359 5727
Website -
https://www.bmocm.com/starhedge
Prospectus -
Star_Hedge_Prospectus_English.pdf
Warrant Symbol - XHM.WT,
Number Trading - 7.5 million
Expiration Date - Oct. 29, 2009.
Cusip -
Exercise Price - $10.35
Warrants called to trade news:
Star Hedge Managers
closes IPO, raises $75-million
2008-09-29 09:40 MT - Warrants
Called to Trade
Star Hedge Managers Corp. has
successfully closed its initial
public offering of 7.5 million
units, at a price of $10 per
unit, for gross proceeds of
$75-million.
The fund has been created to
provide long-term capital growth
by investing in a portfolio
consisting of private investment
funds or portfolios managed by
three of Canada's leading
portfolio managers: Rohit Sehgal
of Dynamic Funds, Eric Sprott of
Sprott Asset Management Inc. and
Normand Lamarche of Front Street
Investment Management Inc.
Each unit consists of one Class
A share of the fund and one
warrant to purchase one Class A
share. Each warrant entitles the
holder to purchase one Class A
share at a subscription price of
$10.35 on Oct. 30, 2009.
Warrants may be tendered for
exercise on and after Oct. 15,
2009, and up to Oct. 29, 2009.
The Class A shares and warrants
the unit comprises will separate
immediately following the
earlier of 30 days after the
closing of the offering and the
closing of the final exercise of
the overallotment option, which
is exercisable at the option of
the agents until 30 days after
the closing of the offering, to
purchase up to 15 per cent of
the total number of units issued
at the closing of the offering
on the same terms.
The units are listed on the
Toronto Stock Exchange under the
symbol XHM.UN and the Class A
shares and the warrants will (on
the separation) be listed on the
TSX under the symbols XHM.A and
XHM.WT, respectively.
- 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.
