February 06, 2014 13:10 ET
TORONTO, ONTARIO--(Marketwired - Feb. 6, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
Harvest Portfolios Group Inc., the manager of Brand Leaders Income Fund (TSX:HBL.UN) (the "Fund"), is pleased to announce that the Fund has filed a final prospectus for an offering of warrants of the Fund (the "Warrants") to unitholders of the Fund (the "Unitholders"). Each Unitholder of record on February 18, 2014 will receive one Warrant for each unit of the Fund (a "Unit").
Two whole Warrants will entitle the Unitholder to purchase a Unit upon payment of the subscription price of $11.74, which is the sum of the most recently calculated net asset value per Unit prior to the date of the final short form prospectus plus the estimated per Unit fees and expenses of the offering of the Fund. Warrants not exercised by 5:00 p.m. (Toronto time) on August 15, 2014 will be void and have no value.
The Warrants distributed under this prospectus have been conditionally approved for listing on the TSX under the symbol HBL.WT. Warrants will not be eligible to received distributions provided, however, that if Units are issued on or before an applicable record date, Units received upon exercise of the Warrants will be eligible to receive distributions from the Fund.
Warrants will be distributed to client accounts by brokers after the record date. The Fund will pay an exercise fee of $0.12 per Unit at the time the Warrant is exercised, payable to the investment advisor of the CDS participant whose client is exercising the Warrant.
The Warrants are not qualified for distribution in the United States of America. Copies of the final prospectus have been filed on SEDAR at www.sedar.com under the Fund's profile.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.
Harvest Portfolios Group Inc.email@example.com
See all RSS Newsfeeds