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Precious Metals and Mining Trust T.MMP.UN

Alternate Symbol(s):  PMMTF

Precious Metals and Mining Trust (the Trust) is a Canada-based investment trust. The Trust's investment objectives are to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust's assets allocation includes Canadian equity, international equity, cash and equivalents, United States equity and other. The Trust invests in various sectors, including gold and precious metals, metals and mining, chemicals and gases, forestry and paper, and others. CI Investments Inc. is the manager, portfolio adviser and trustee of the Trust.


TSX:MMP.UN - Post by User

Precious Metals and Mining Trust
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(3)
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Comment by 1annacotsteel1on Jun 25, 2010 3:23pm
229 Views
Post# 17222879

RE: RE: RE: The warrants: Why is anyone selling he

RE: RE: RE: The warrants: Why is anyone selling hewhat is unusual about these warrants is that they are trading to a discount of what they are actually worth right now. That's why they are cheap. They are probably worth about $1.10 right now after today so if this was the day of expiry you could conceivably buy the warrants, exercise that day by buying the trust units at $7.42, then sell the units (assuming they are trading at intrinsic.

keep in mind everyone, the annual redemption privilige is in September, so you can tender your shares then at no commission and get the intrinsic (or close to it) minus admin fees.

but the 15% yield will likely mean many won't tender.

Hope that helps
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities