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: 400 - 45 St Clair W
Toronto ON CANADA M4V 1K9
Phone: 905 677 8889
Fax: 905 677 5008
Web Site: https://www.kin8gsway-financial.com
Warrant Symbol - KFS.WT.U
Number Trading - 3,280,790
Expiration Date - Sept. 15, 2020
Cusip - 496904 12 9
Exercise Price - $4.50 (U.S.)
Warrant Symbol - KFS.WT.V
Number Trading - 3,280,790
Expiration Date - Sept. 15, 2023
Cusip - 496904 13 7
Exercise Price - $5 (U.S.)
Warrants called to trade news:
Kingsway Financial Services Inc to list
warrants on TSX Sept. 27
2013-09-25 15:52 MT - Warrants Called to Trade
Kingsway Financial Services Inc. will list 3,280,790
Series A warrants and 3,280,790 Series B warrants
on the Toronto Stock Exchange at the open on Friday,
Sept. 27, 2013, according to the TSX. The exchange
reports the warrants were issued in connection with
the company's recently completed rights offering.
The units offered under the offering consisted of
one share, one Series A warrant and one
Series B warrant.
Each Series A warrant is exercisable for one Kingsway
share at $4.50 (U.S.). The Series A warrants are
exercisable at any time from Sept. 16, 2016, until
5 p.m. (Eastern Time) on or before Sept. 15, 2020.
The Series A warrants are redeemable by the company
in certain situations.
Each Series B warrant is exercisable for one Kingsway
share at $5 (U.S.). The Series B warrants are exercisable
at any time from Sept. 16, 2016, until 5 p.m. (Eastern
Time) on or before Sept. 15, 2023. The Series B
warrants are not redeemable by the company.
The TSX reports the Series A warrants will trade
under the symbol KFS.WT.U and Cusip No. 496904 12
9. The Series B warrants will trade under the symbol
KFS.WT.V and Cusip No. 496904 13 7
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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.
