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Address: Box 192, 5800 - 1
First Canadian Place
Toronto ON M5X 1A6
Phone: 416 362 0714
Fax: 416 362 7925
Website:
https://www.middlefield.com
Warrant Symbol - MID.WT
Number Trading - 11.25
million
Expiration Date - February
15, 2011
Cusip - 60446Q 14 0
Exercise Price - $9.75
Warrants called to trade news:
Mint Income to list 11.25
million warrants
2010-02-19 11:16 MT -
Warrants Called to Trade
TSX bulletin 2010-0208
Holders of trust units
(symbol: MID.UN) of Mint
Income Fund of record as of
the close of business on
Feb. 25, 2010 (the record
date), will be issued
transferable purchase
warrants, on the basis of
one warrant for each unit
held. Each warrant entitles
the holder to purchase one
unit at the warrant
exercise price of $9.75 per
unit. The warrants may be
exercised commencing
on Jan. 1, 2011, and at any
time at or prior to 4 p.m.
(Toronto time) on
Feb. 15, 2011 (the warrant
expiry time). Warrants not
exercised by the
warrant expiry time will be
void and of no value.
The units of the fund will
commence trading on an ex
distribution basis at
the opening on Feb. 23,
2010, at which time up to
11.25 million warrants
will be posted for trading
on a when-issued basis,
under the following
trading information:
Symbol: MID.WT
Cusip: 60446Q 14 0
Trading currency: Canadian
Designated market-maker:
W.D. Latimer Co. Ltd.
Other markets: None
read more... || collapse
Additional information on
the warrant offering may be
found in the fund's
short-form prospectus dated
Feb. 16, 2010, which is
available at SEDAR.
Capitalized terms used but
not otherwise defined are as
defined in the
prospectus.
Unitholders who hold their
units through a participant
(CDS participant)
will not receive warrant
certificates evidencing
their ownership of
warrants; rather, on or
about the record date, a
warrant certificate
evidencing the total number
of warrants to which each
such unitholder is
entitled will be issued in
registered form to CDS
Clearing and Depository
Services Inc. or its nominee
and is expected to be
deposited with CDS on
the commencement date.
Warrants represented by a
warrant certificate that
is registered in the name of
CDS or its nominee (the CDS
certificate) will
not be reregistered in any
other name or outside of
CDS. The fund expects
that each beneficial
unitholder will receive a
confirmation of the number
of warrants issued to it
from its CDS participant in
accordance with the
practices and procedures of
that CDS participant. CDS
will be responsible
for establishing and
maintaining book-entry
accounts for its
participants
holding warrants.
In the case of a unitholder
that holds its units in
registered form other
than through CDS, the
warrants will be issued in
registered form to those
unitholders and a warrant
certificate evidencing the
total number of
warrants to which each
registered unitholder is
entitled will be delivered
to each such unitholder
together with a copy of the
prospectus. A holder of
a warrant is not, by virtue
of such warrant, a
unitholder and does not have
any of the rights of a
unitholder (including the
right to receive any
distribution which may be
declared on the units). For
those unitholders
whose units are held in
registered form, unless the
warrant agent (as
defined below) is instructed
otherwise in writing, units
acquired through
the exercise of warrants
will be registered in the
name of the person to
whom the warrant certificate
was issued or to whom the
warrants are
transferred. Certificates
evidencing such units will
be mailed by ordinary
prepaid mail as soon as
practicable after the
exercise of the applicable
warrants.
Holders of warrants who wish
to exercise their warrants
and receive units
are reminded that if
warrants are to be exercised
through a CDS
participant, CDS and/or the
CDS participant may have a
deadline for the
exercise of warrants that is
earlier than the warrant
expiry time, and a
significant amount of time
may elapse from the date of
exercise and the
date the units issuable upon
the exercise thereof are
issued to the holder.
A subscriber may subscribe
for the resulting whole
number of units or any
lesser whole number of units
by, in the case of warrants
represented by the
CDS certificate, instructing
the CDS participant holding
the subscriber's
warrants to exercise all or
a specified number of such
warrants and
forwarding the warrant
exercise price for each unit
subscribed for in
accordance with the terms of
the offering to the CDS
participant which
holds the subscriber's
warrants or, in the case of
warrants held in
registered form, delivering
the warrant certificate with
the exercise form
thereon duly completed to
the warrant agent along with
payment of the
warrant exercise price for
each unit subscribed for
(the basic warrant
subscription privilege).
The warrant exercise price
is payable in Canadian funds
by certified
cheque, bank draft or money
order drawn to the order of
the warrant agent
or, in respect of CDS
participants, by direct
debit from the subscriber's
brokerage account or by
electronic funds transfer or
other similar payment
mechanism. All payments must
be forwarded to the offices
of the warrant
agent or, in the case of a
unitholder that holds its
units through a CDS
participant, to the
appropriate office of the
CDS participant. The entire
warrant exercise price for
units subscribed for must be
paid at the time of
subscription and must be
received by the warrant
agent prior to the warrant
expiry time. Accordingly, if
you are subscribing through
a CDS participant,
you must deliver your
payment (by method described
above) and instructions
sufficiently in advance of
the warrant expiry time to
allow the CDS
participant to properly
exercise warrants on your
behalf. Unitholders are
encouraged to contact their
broker or other CDS
participant as each CDS
participant may have a
different cut-off time.
Each holder of warrants that
subscribes for any units
pursuant to the basic
warrant subscription
privilege may, at any time
prior to the warrant expiry
time, subscribe for
additional units pursuant to
an additional warrant
subscription privilege (the
additional warrant
subscription privilege), if
applicable, at a price equal
to the warrant exercise
price for each
additional unit. Holders of
warrants will not be
required to fully exercise
all of their warrants under
the basic warrant
subscription privilege in
order to be eligible for the
additional warrant
subscription privilege. The
number of additional units
available for all additional
subscriptions
pursuant to the additional
warrant subscription
privilege will be the
difference, if any, between
the total number of units
issuable upon
exercise of warrants and the
total number of units
subscribed and paid for
at or prior to the warrant
expiry time. Subscriptions
for additional units
pursuant to the additional
warrant subscription
privilege will be received
subject to allotment only
and the number of additional
units, if any, which
may be allotted to each
subscriber will be equal to
the lesser of: (a) the
number of additional units
which that subscriber has
subscribed for under
the additional warrant
subscription privilege; and
(b) the product
(disregarding fractions)
obtained by multiplying the
number of additional
units by a fraction, the
numerator of which is the
number of warrants
exercised by that subscriber
under the basic warrant
subscription privilege
and the denominator of which
is the total number of
warrants exercised
under the basic warrant
subscription privilege by
holders of warrants that
have subscribed for
additional units pursuant to
the additional warrant
subscription privilege. If
any holder of warrants has
subscribed for fewer
additional units than such
holder's pro rata allotment
of additional units,
the excess additional units
will be allotted in a
similar manner among the
holders who were allotted
fewer additional units than
they subscribed for.
Within 30 days of the
exercise of a warrant, 15
cents per warrant will be
payable by the fund to the
dealer whose client has
properly exercised the
warrant.
All registered unitholders
whose recorded address is
outside Canada are
advised that their warrants
will be issued to and held
by the warrant
agent, for the account of
such unitholders, who may
benefit as set out
below. The units and
warrants have not been, and
will not be, registered
under the U.S. Securities
Act of 1933. The offering is
made in each of the
provinces and territories of
Canada only and not in the
United States of
America or any territory,
possession, or jurisdiction
thereof or other
jurisdictions outside of
Canada. The offering is not,
and under no
circumstances is to be
construed as, an offering of
any units or warrants
for sale in the United
States of America or any
territory, possession, or
jurisdiction thereof or an
offering to or for the
account or benefit of any
U.S. person or a
solicitation therein of an
offer to buy any securities.
Accordingly, subject to the
exception described below,
the warrant agent
will not accept
subscriptions from any
unitholder or from any
transferee of
warrants who is or appears
to be, or who the warrant
agent has reason to
believe is, a U.S. person or
a resident of the United
States of America or
any territory or possession
thereof or a resident of any
other jurisdiction
outside of Canada
(ineligible unitholders).
Notwithstanding the
foregoing, ineligible
unitholders who establish to
the
satisfaction of the warrant
agent that the receipt by
them of the warrants
and the issuance to them of
units upon the exercise of
the warrants will
not be in violation of the
laws of their jurisdiction
of residence or the
jurisdiction in which they
are located at the time of
such receipt or
issuance may be allowed to
exercise the warrants.
The warrant agent will hold
the warrants of the
ineligible unitholders
until Feb. 8, 2011, in order
to give ineligible
unitholders an opportunity
to prove to the satisfaction
of the warrant agent that
they are residents
of a province or territory
of Canada or that the issue
of units pursuant to
the exercise of warrants
will not be in violation of
the laws of the
applicable jurisdiction.
Following such date, the
warrant agent may, prior
to the warrant expiry time
and for the account of each
ineligible
unitholder, attempt to sell
the warrants allocable to
each such ineligible
unitholder and evidenced by
warrant certificates in the
possession of the
warrant agent on such date
or dates and at such price
or prices and in such
manner as the warrant agent
shall determine in its sole
discretion.
The warrants will be
governed by the terms of a
warrant agency agreement
dated Feb. 16, 2010, between
the fund, the manager and
MFL Management Ltd.
(the warrant agent), as
warrant agency agreement.
The warrant agency
agreement provides for
appropriate adjustments to
the warrants in the event
of stock dividends,
subdivisions, consolidations
and other forms of capital
reorganization.
The Toronto Stock Exchange
has been advised that a
group of securities
dealers or brokers has not
been formed at this time,
however, such a group
may be formed to solicit
subscriptions for units at a
later time.
