FIG.PR.A: Warrant Exercise Minimal

Faircourt Asset Management has announced:

that approximately 1 million Warrants outstanding have been exercised at an exercise price of $4.00 per Trust Unit for aggregate gross proceeds raised approximating $4 million. Warrants not exercised expired on June 25th, 2010.

There were 4.9-million outstanding, so take-up was just a little over 20%.

FIG.PR.A was last mentioned on PrefBlog when the mass retraction of 6.4-million units was announced.

FIG.PR.A is tracked by HIMIPref™, but is relegated to the Scraps index on credit concerns.

This entry was posted on Monday, June 28th, 2010 at 6:44 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “FIG.PR.A: Warrant Exercise Minimal”

  1. FIG.PR.A: Capital Unit Distributions Suspended « PrefBlog says:
    July 22, 2010 at 10:00 pm

    […] was last mentioned on PrefBlog when it was announced that warrant exercise in June was minimal. FIG.PR.A is tracked by HIMIPref™, but is relegated to the Scraps index on credit […]

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