S Split Corp. files preliminary prospectus for warrant offering
14 Juillet 2010 - 11:21PM
PR Newswire (Canada)
TORONTO, July 14 /CNW/ -- TORONTO, July 14 /CNW/ - (TSX: SBN;
SBN.PR.A) - S Split Corp. (the "Fund") is pleased to announce that
it has filed a preliminary short form prospectus relating to an
offering of Warrants to holders of its Class A Shares. Each Class A
shareholder of record on the record date will receive one Warrant
for each Class A Share held. Each Warrant will entitle its holder
to acquire one Class A Share and one Preferred Share upon payment
of the subscription price. The record date and the subscription
price will be determined at the time the Fund files its final
prospectus for the offering. The Fund has applied to list the
Warrants and the Class A Shares and the Preferred Shares issuable
upon the exercise thereof on the Toronto Stock Exchange. The
exercise of Warrants by holders will provide the Fund with
additional capital that can be used to take advantage of attractive
investment opportunities and is also expected to increase the
trading liquidity of the Class A Shares and the Preferred Shares
and to reduce the management expense ratio of the Fund. The Fund
invests in a portfolio of common shares of The Bank of Nova Scotia.
To generate additional returns above the distributions earned on
its securities, the Fund may, from time to time, write covered call
options in respect of some or all of the securities in its
portfolio. The Fund may also, from time to time, write cash-covered
put options in respect of securities in which the Fund is permitted
to invest. The Fund's investment portfolio is managed by its
investment manager, Mulvihill Capital Management Inc. A preliminary
short form prospectus containing important information relating to
the securities has been filed with the securities commissions or
similar authorities in certain jurisdictions of Canada. The
preliminary short form prospectus is still subject to completion or
amendment. Copies of the preliminary short form prospectus may be
obtained from Mulvihill Fund Services Inc. at the address,
telephone numbers, website and e-mail address set forth above.
There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final short form prospectus has
been issued. Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus before investing. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated. John Mulvihill, President and CEO, David Roode,
President, Fund Services, John Germain, Senior Vice-President,
Sheila Szela, Vice-President, Finance and CFO; A member of the
Mulvihill Capital Management Inc. Group of Funds, Mulvihill
Structured Products, 121 King Street West Suite 2600, Toronto,
Ontario, M5H 3T9, 416.681.3966, 1.800.725.7172, www.mulvihill.com,
hybrid@mulvihill.com
Copyright
S Split (TSX:SBN)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
S Split (TSX:SBN)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024