Focused Global separation of Class A units and warrants
2007-08-16 18:28 MT - Miscellaneous
TSX bulletin 2007-1179
Further to Toronto Stock Exchange bulletin No. 2007-1019, dated July 17, 2007, which describes an initial public offering of the Class A combined units of Focused Global Trends Fund, the Class A units and the transferable Class A warrants comprising the Class A combined units will trade separately commencing at the open on Monday, Aug. 20, 2007, at which time the Class A combined units will be delisted.
Under the trading information set out below:
1. 8,931,283 Class A units will be listed of which 4,805,700 Class A units will be issued and outstanding, and 4,125,583 Class A units will be reserved for issuance;
2. Class A warrants to purchase 2,402,850 Class A units will be listed, all of which will be issued and outstanding.
Any fractional Class A warrants resulting from the separation of the units will be rounded down.
Class A units
Symbol: FTF.UN
Cusip No.: 34416R 20 6
Trading currency: Canadian dollars
Warrants
Symbol: FTF.WT
Cusip No.: 34416R 11 5
Trading currency: Canadian dollars
Temporary market-maker: Desjardins Securities Inc.
Registration of interests in and transfers of the Class A units and Class A warrants shall be made only through the book-based system operated by CDS Clearing and Depository Services Inc. Upon purchase of any Class A units or Class A warrants, the shareholders will receive only a customer confirmation from the registered dealer which is a CDS participant and from or through which the Class A units or Class A warrants are purchased. As the Class A units and Class A warrants will trade in the book-based system of CDS, shareholders need not take any action with respect to receiving the Class A units and Class A warrants upon the separation of the Class A combined units. Additional information on the Class A combined units, Class A units and Class A warrants may be found in the final prospectus dated June 28, 2007, which is available at www.sedar.com.
Capitalized terms not otherwise defined are as defined in the prospectus.
Warrants
Each whole Class A warrant will entitle the holder to purchase one Class A unit of the fund at a subscription price of $10.25 by 5 p.m. (Toronto time) on Jan. 30, 2009, or July 30, 2010. The Class A warrants may only be exercised on these two dates. The Class A warrants will be governed by the terms of a warrant indenture dated July 19, 2007, between the fund and Computershare Trust Co. of Canada. Upon the exercise of a Class A warrant, the fund will pay a fee equal to 25 cents per Class A warrant exercised to the dealer whose client is exercising the Class A warrant. The warrant indenture provides for appropriate adjustments to the rights of holders of Class A warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.
