Omega Advisors U.S. Capital Appreciation Fund Announces Warrant Offering
TORONTO, April 5, 2012 /CNW/ - Omega Advisors U.S. Capital Appreciation Fund (TSX: OUS.UN) is pleased to announce that it has filed a preliminary prospectus relating to an offering of warrants to unitholders of the fund. Each unitholder will receive one warrant for each unit held on the record date. The record and warrant expiry dates will be determined upon the filing of the final prospectus.
Each warrant will entitle the holder to purchase a unit upon payment of the subscription price, which will be the lesser of:
i. $9.69 (which is the sum of (a) the most recently calculated NAV per unit prior to the filing of the preliminary prospectus and (b) the estimated per unit fees and expenses of the offering); and
ii. the most recently calculated NAV per unit prior to the date of filing the final short form prospectus plus the estimated per unit fees and expenses of the offering.
The fund has applied to list the warrants and the units issuable on the exercise thereof on the TSX.
Successful completion of the warrant offering is subject to regulatory approval and will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities and is also expected to increase the trading liquidity of the units.
please contact your financial advisor, call Artemis' investor relations line at (647) 477‐4886 or visit our website at www.artemisfunds.ca.
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