The Fund received total subscriptions (including over-subscription
requests) for over 11 million shares of common stock, or approximately 186% of the shares available, totaling approximately $101 million.
Each holder of Rights may exercise their Over-Subscription
Privilege only if such holder exercised their Basic Subscription Right in full.
The offering also includes an over-subscription
privilege, which allows each rights holder that exercises all of its basic subscription privilege in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among persons exercising this over-subscription
If there is an over-subscription
, then customers with completed applications will be allocated a prorated portion of the available load.
The Fund received subscriptions (including over-subscription
requests) for over 10.
Preliminary results indicate that the Fund received total subscriptions of approximately $83 million (including over-subscription
requests and notices of guaranteed delivery) for 247% of the 3,739,154 shares available to be issued pursuant to the primary subscription.
Central time, on March 17, 2008, may purchase in connection with the exercise of its over-subscription
privilege, as described in the Prospectus Supplement dated March 18, 2008 relating to Particle Drilling's previously announced rights offering.
25 per share pursuant to their basic subscription privilege and approximately 35,632,946 shares pursuant to their over-subscription
Preliminary results indicate that the Fund received subscriptions (including over-subscription
requests) for about 300% of the 4,525,223 shares available to be issued pursuant to the primary subscription, totaling nearly $95 million.
The Fund's shareholders have subscribed, either through the primary subscription or the over-subscription
privilege, for all 797,918 shares of common stock available in the rights offering.
privilege permits all record date shareholders who have fully exercised their primary subscription Rights to subscribe, subject to certain limitations and a pro-rata allotment, for any additional shares of common stock not purchased pursuant to the primary subscription.
requests totaled 11,246,059 shares or $51.