LBS.PR.A Warrants In the Money; Expire Thursday

Brompton Group has announced that the warrants to purchase Whole Units containing LBS.PR.A are in the money, with a NAV of 19.29 as of March 21 (assuming all warrants are exercised) vs. an exercise price of 18.87.

This is an improvement from the March 17 value of 19.06.

Brompton points out that:

Warrants which are not exercised or sold will expire on March 24, 2011. Investors should contact their investment advisor to exercise or sell their warrants.

LBS.PR.A was last mentioned on PrefBlog when the warrant offering was finalized. LBS.PR.A is tracked by HIMIPref™ but is relegated to the Scraps index on credit concerns.

This entry was posted on Tuesday, March 22nd, 2011 at 9:44 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 “LBS.PR.A Warrants In the Money; Expire Thursday”

  1. LBS.PR.A Warrant Offering Successful « PrefBlog says:
    April 1, 2011 at 11:32 pm

    […] was last mentioned on PrefBlog when I noted that the warrants were in the money. LBS.PR.A is tracked by HIMIPref™ but is relegated to the Scraps index on credit […]

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