Canadian Warrants - Star Portfolio Corp

Star Portfolio Corp

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Address: 300 - 100 King St W
Toronto ON M5X 1H3
Phone: 416 359 4000
Fax: 416 359 5727
Website: http://www.bmocm.com

Warrant Symbol - XYM.WT
Number Trading - 7,675,682
Expiration Date - October 31, 2011
Cusip -
Exercise Price - $12.00

Warrants Called to Trade News:

Star Portfolio agents exercise greenshoe

2010-11-16 06:56 MT - News Release
Star Portfolio Corp. has completed an issuance of an additional 425,682 units in respect of Star Yield Managers Class pursuant to the partial exercise of the overallotment option granted to the corporation's agents in its recently completed initial public offering. Each unit entitles the holder thereof to one Star Yield Managers Class share of the corporation and one transferable warrant. Altogether, the corporation has raised gross proceeds of $92,108,184 under its offering of units (including the proceeds from the overallotment option).

The corporation is also announcing the separation of the units into shares and warrants to purchase shares. The shares and warrants are listed on the Toronto Stock Exchange under the symbols XYM and XYM.WT, respectively.

Each warrant entitles the holder to purchase one share at a subscription price of $12 on or before 5 p.m. (Toronto time) on Oct. 31, 2011. Warrants not exercised by the warrant expiry time will be void and of no value. Once separated, the shares and the warrants will trade on the TSX independently under the symbols XYM and XYM.WT.

The fund has been created to provide investors with attractive tax-efficient distributions and the opportunity for capital appreciation through investment in, or exposure to, diversified private investment funds or portfolios of income-generating securities managed by three of Canada's leading investment managers and their teams: Oscar Belaiche of Goodman & Co. Investment Counsel Ltd.; Eric Bushell of Signature Global Advisors (CI Investments Inc.); and Ben Cheng of Catapult Financial Management Inc., a wholly owned subsidiary of Aston Hill Financial Inc.

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The fund's investment objectives are to provide shareholders with monthly tax-efficient distributions, initially estimated to be seven cents per share (84 cents per annum representing an annual cash distribution of 7.0 per cent per annum based on the $12 per unit issue price), and the opportunity for capital appreciation. The fund will seek to achieve its investment objectives by portfolio diversification through exposure to the differing management styles of the portfolio managers and a variety of investment classes, including hard assets (global real estate and infrastructure securities), global fixed income (including high-yield securities) and preferred shares, convertible debentures, dividend-paying equities, and other income-producing securities.

The syndicate of agents was led by BMO Capital Markets, Dundee Securities Corp., CIBC and RBC Capital Markets and includes National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities LP, HSBC Securities (Canada) Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Manulife Securities Inc., Rothenberg Capital Management Inc. and Wellington West Capital Markets Inc.

We seek Safe Harbor.

Star Portfolio share and warrant separation

2010-11-12 18:01 MT - Miscellaneous
Star Portfolio Corp. is separating its shares from its warrants. They have been trading together under the symbol XYM.A since the company listed on Oct. 27, 2010. According to the company's Oct. 29, 2010, news release, the shares will begin trading under the symbol XYM and the warrants under XYM.WT. The separation will occur before the open on Tuesday, Nov. 16, 2010. Upon completion, there will be 15,351,364 shares listed and 7,675,682 warrants.