| First Asset Yield Warrants |
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| First Asset Yield Opportunity Trust |
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Name - First Asset Yield Opportunity Trust
Address: 1400 - 95 Wellington St
W
Toronto ON M5J 2N7
Phone: 416 642 1289
Fax: 416 362 2199
Website: http://www.firstassetfunds.com
Warrant Symbol -
FAY.WT
Number Trading -
2,612,804
Expiration Date -
July 23, 2009
Cusip -
318620 12 7
Exercise Price -
$14.05
Warrants called to trade news:
First Asset Yield to list 2,612,804 warrants on Feb. 26
2009-02-24 18:25 MST - Warrants Called to Trade
TSX bulletin 2009-0247
A total of up to 2,612,804 warrants of the fund will be listed and posted for trading at the open on Thursday, Feb. 26, 2009, on a when-issued basis, under the following trading information:
Warrant symbol: FAY.WT
Warrant Cusip No.: 318620 12 7
Warrant trading currency: Canadian dollars
Designated market-maker: Bryon Securities Ltd.
Other markets: None
The warrants are being issued to holders of outstanding Series A units of the fund of record as of the close on Monday, March 2, 2009, on the basis of one warrant for each unit held. Each warrant entitles the holder thereof to subscribe for one unit at a subscription price of $14.05 per unit until 5 p.m. (Toronto time) on July 23, 2009. The warrants may be exercised commencing on March 3, 2009. Warrants not exercised by the expiry time will be void and of no value.
Holders of warrants who exercise their warrants in full are entitled to exercise an additional subscription privilege to purchase, on a pro rata basis, units not issued pursuant to the exercise of the basic subscription privilege by other holders of warrants, as set forth on page 8 of the fund's short form prospectus dated Feb. 18, 2009. Registration of interests in and transfers shall be made through the book-based system operated by CDS Clearing and Depository Services Inc. Transfers of ownership of warrants will be affected through records maintained by CDS participants. The warrants are governed by the terms of a warrant indenture dated Feb. 18, 2009, between the fund and Computershare Trust Company of Canada. The warrant indentures provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization. Please see elsewhere in today's Toronto Stock Exchange bulletins for information regarding the distribution to unitholders of the fund.
First Asset Yield files final
prospectus for offering
2009-02-18 16:47 MT - News Release
First Asset Yield Opportunity Trust has filed a final short form prospectus
relating to an offering of warrants to Series A unitholders of the fund.
Each Series A unitholder of record on March 2, 2009, will receive one
warrant for each Series A unit held. One warrant will entitle the holder to
purchase a Series A unit of the fund at an exercise price of $14.05 (being
the lesser of (i) the most recently published net asset value per Series A
unit prior to the date of the preliminary short form prospectus, and (ii)
the most recently calculated net asset value per Series A unit prior to the
date of the final short form prospectus) on or before July 23, 2009, the
expiry date. The fund has applied to list the warrants under the ticker
symbol FAY.WT and the Series A units issuable on the exercise thereof on the
Toronto Stock Exchange. It is expected that the warrants will commence
trading on Feb. 26, 2009, and will remain trading until noon (Toronto time)
on the expiry date, July 23, 2009.
Successful completion of the warrant offering will provide the fund with
additional capital that can be used to take advantage of attractive
investment opportunities and it is also expected to increase the trading
liquidity of the units and reduce the continuing management expense ratio of
the fund.