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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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Comment by 1annacotsteel1on Jun 25, 2010 9:23pm
293 Views
Post# 17223879

RE: RE: RE: RE: The warrants: Why is anyone sellin

RE: RE: RE: RE: The warrants: Why is anyone sellinThat's right. The net asset value of the units (assuming all warrants are exercised) is probably about 8.60-8.65 right now after today's good day. You gain 4-5% right off the bat, plus you get 10cents per unit payout monthly. That's a 19-20% yield. not bad at all.

The units always traded at a premium to the net asset value prior to the warrants issue, probably because of the high yield. I suspect this will happen again after the warrants expire but can't guarantee that. For now, people won't buy up the units if they can just get the warrants at a discount.

warrants will likely trade closer and closer to intrinsic as we get to expiry date. we shall see though
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Dealroom for high-potential pre-IPO opportunities