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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Website -
https://www.yellowpages.ca/
Address:
Phone:
Warrant Symbol - YLO.WT
Number Trading - 12.5 million
Expiration Date - Dec. 14, 2007
Cusip - 985569 13 6
Warrants called to trade news:
Yellow Pages to list 12.5
million warrants on Aug. 22
2006-08-18 18:18 ET - Warrants
Called to Trade
TSX bulletin 2006-1040
A total of 12.5 million fund unit
purchase warrants of Yellow Pages
Income Fund will be listed and
posted for trading at the open on
Tuesday, Aug. 22, 2006, under the
following information.
Warrant symbol: YLO.WT
Warrant Cusip No.: 985569 13 6
Designated market-maker: National
Bank Financial Inc.
Other markets: None
Transfer agent: CIBC Mellon Trust
Company at its principal offices in
Montreal and Toronto.
The warrants will be issued
pursuant to the prospectus
supplement No. 2 to the short form
base shelf prospectus dated May 8,
2006, which itself is dated Aug. 15,
2006, whereby 25 million warranted
units are to be sold at a price of
$15.25 per warranted unit. Each
warranted unit comprises one trust
unit of the fund and one-half of one
warrant. Each whole warrant entitles
the holder to purchase one fund unit
at a price of $17.50 at any time
prior to 5 p.m. (Montreal time) on
Dec. 14, 2007. The fund units and
the warrants comprising the
warranted units will separate
immediately upon closing of the
offering. The closing of the
offering is expected to occur prior
to the open on Tuesday, Aug. 22,
2006.
The warrants will be issued under an
indenture to be dated Aug. 22, 2006,
between the fund
and CIBC Mellon Trust Co., as
trustee. The warrant indenture will
provide for appropriate adjustments
to the warrants in the event of an
issue of fund units as a
distribution, subdivisions,
consolidations and other forms of
capital reorganization.
The Toronto Stock Exchange refers
you elsewhere in today's bulletins
for additional
information on the listing of the
fund units.
- 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.
