S Split Corp. files final prospectus for Warrant offering
12 Août 2010 - 5:11PM
PR Newswire (Canada)
TORONTO, Aug. 12 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, Aug.
12 /CNW/ - (TSX: SBN; SBN.PR.A) - S Split Corp. (the "Fund") is
pleased to announce that it has filed a final short form prospectus
relating to an offering of Warrants to holders of its Class A
Shares. Each Class A shareholder of record on August 23, 2010 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 of $19.13. The Toronto
Stock Exchange has conditionally approved the listing of the
Warrants under the symbol SBN.WT.A and the Class A Shares and the
Preferred Shares issuable upon the exercise thereof. It is expected
that the Warrants will commence trading on August 19, 2010 and will
remain trading until noon (Toronto time) on the expiry date of
January 17, 2011. 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. For further information, please contact Investor Relations at
416.681.3966, toll free at 1.800.725.7172 or visit
www.mulvihill.com. John Mulvihill, President and CEO Mulvihill
Structured Products David Roode, President, Fund Services Sheila
Szela, Vice-President, 121 King Street West Finance and CFO Suite
2600 Toronto, Ontario, M5H 3T9 416.681.3966; 1.800.725.7172 A
member of the Mulvihill Capital www.mulvihill.com Management Inc.
Group of Funds info@mulvihill.com This offering is only made by
prospectus. The prospectus contains important detailed information
about the securities being offered. Copies of the prospectus may be
obtained from Mulvihill Fund Services Inc. at the address,
telephone numbers, website and e-mail address set forth above.
Investors should read the prospectus before making an investment
decision. 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. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy securities in the
United States, nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful. The securities of the Fund have not been registered under
the U.S. Securities Act of 1933 or any state securities laws and
may not be offered or sold in the United States or to a U.S. person
absent registration or an applicable exemption from the
registration requirements. Investor Relations at 416.681.3966, toll
free at 1.800.725.7172 or visit www.mulvihill.com
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