A warrant is the right to buy (call warrant) or sell (
put warrant) a certain number of designated shares at designated prices on designated dates.
The three towns that make up the regional school district - Lancaster, Bolton and Stow - are scrambling to
put warrant articles on their May 5 town meeting agendas to allow residents to vote on the 10-year bond issue needed for the project.
Covered warrants are financial instruments that give the owner the right to buy (using a call warrant) or sell (using a
put warrant) an underlying asset at a set price within a set time.
But before "You Sarky Plod Basher" letters fly in, let's
put warrant cards on the table.
With interest expenses edging up only 2.9% to $11.9 million and prior-year results reflecting an unfavorable $1.22 million adjustment of a common stock
put warrant to fair value, pretax profits grew 16.4% to $39.2 million.
For
put warrant of domestic securities or indices, the sixth digit of the warrant security code will remain "P", with the code assignments to start from 70001P.
To make good the loss of dividend (and some), Lord Simpson's City wizards at Warburg Dillon Read have devised a novel form of share buy-back involving "
put warrants."
