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: 1 First Canadian Place,
300-100 King St W, PO Box 150
Toronto, ON
M5X 1H3
Tel: (416) 359-4000
Fax: (416) 359-5727
Contact Name
Mark W. Lobsinger
Warrant Symbol - XYM.WT
Number Trading -
Expiration Date - October 31,
2011
Cusip -
Exercise Price - $12.00
Warrants called to trade news:
Star Portfolio agents
exercise greenshoe
2010-11-16 06:56 MT - News
Release
Star Portfolio Corp. has
completed an issuance of an
additional 425,682 units in
respect of Star Yield Managers
Class pursuant to the partial
exercise of the overallotment
option granted to the
corporation's agents in its
recently completed initial
public offering. Each unit
entitles the holder thereof to
one Star Yield Managers Class
share of the corporation and one
transferable warrant.
Altogether, the corporation has
raised gross proceeds of
$92,108,184 under its offering
of units (including the proceeds
from the overallotment option).
The corporation is also
announcing the separation of the
units into shares and warrants
to purchase shares. The shares
and warrants are listed on the
Toronto Stock Exchange under the
symbols XYM and XYM.WT,
respectively.
Each warrant entitles the holder
to purchase one share at a
subscription price of $12 on or
before 5 p.m. (Toronto time) on
Oct. 31, 2011. Warrants not
exercised by the warrant expiry
time will be void and of no
value. Once separated, the
shares and the warrants will
trade on the TSX independently
under the symbols XYM and
XYM.WT.
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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.
