m*****o
发帖数: 2084 | 1 我自己没有买过Warrant，所以上来问问。
按照他的说法， 一股普通股， 给0.53股认股权，
认购价格为45$/share。感觉还是有利可图的呀，
没有人准备买入吗？
另外，按照他们的term，我们Jan 12， 2011当天买入是不是
就可以了？
另外，有没有人讲一下，如何exercise 这个warrant？
可以立马转手卖掉，套现走人吗？
我的计划是，Jan 12, 2011, 买入500股AIG，假定55/share. 应该保证拿到warrnt,
270share warrant 45$/share.
然后， 一个星期后卖掉AIG, 还是55/share, 假定股本身不赚钱。
再拿这个钱去买270 share的 warrant share 45$/share.，再在
55$/share卖掉。
这样，大概有2700$的进账。
这种做法有没有什么问题？ 会不会被套牢？
大家讨论一下吧。
http://www.marketwatch.com/story/aig-board-of-directors-approve
AIG Board of Directors Approves Issuance of Warrants via Dividend in
Connection with Recapitalization Plan
NEW YORK, Jan 06, 2011 (BUSINESS WIRE) -- American International Group, Inc.
(AIG 59.38, -1.80, -2.94%)
announced today that its Board of Directors has conditionally declared a
dividend of approximately 75 million warrants to purchase shares of AIG
common stock at $45 per share (the Warrants) to be distributed on January 19
, 2011, to AIG's common shareholders of record as of January 13, 2011.
The Warrants are being issued as part of a series of integrated transactions
to recapitalize AIG initially announced on September 30, 2010. The U.S.
Department of the Treasury will not receive Warrants in this distribution.
"This marks continued progress for AIG towards completing the
recapitalization and furthering our work to repay the U.S. taxpayer," said
Robert H. Benmosche, AIG President and Chief Executive Officer. "We are
working diligently to complete this plan in the coming weeks."
Condition to Issuance. The issuance of the Warrants as a dividend is subject
to the condition that the parties to the recapitalization (i.e., AIG, the U
.S. Department of the Treasury, the Federal Reserve Bank of New York, and
the AIG Credit Facility Trust) each determines as of the close of business
on January 12, 2011, that it expects (assuming there is no material change
in the relevant facts, circumstances, and conditions on or before January 14
, 2011) that the recapitalization will close on January 14, 2011. AIG will
issue a press release on January 12, 2011, announcing whether or not this
condition has been satisfied. If this condition is not satisfied, AIG will
not issue the Warrants, and holders of AIG common stock will have no right
to receive the Warrants. There can be no assurance that this condition will
be satisfied.
Terms of the Warrants. If the above condition is satisfied, AIG common
shareholders will be issued 0.533933 Warrants for every share of AIG common
stock owned on the record date. Each Warrant will entitle the holder to
purchase one share of AIG's common stock at an exercise price of $45 per
share, subject to anti-dilution adjustment for certain events. The Warrants
will be exercisable through January 19, 2021, which is ten years from the
date of issuance.
Trading on the NYSE. AIG has applied to have the Warrants listed on the New
York Stock Exchange under the ticker symbol "AIG WS" and anticipates that
the Warrants will begin trading on the NYSE on a "when issued" basis on or
around January 13, 2011. AIG has been advised by the NYSE that the ex-
dividend date for the AIG common stock will be delayed through the use of "
due bills," such that AIG common stock will begin trading in a regular way,
ex-dividend, on January 20, 2011, the date following the anticipated
issuance of the Warrants. Due bills are essentially an assignment from a
seller of common stock to a buyer of the right to receive the dividend if
the condition to the dividend is satisfied. If the condition is not
satisfied, the due bills will be immediately cancelled and no Warrants will
be issued.
Tax Treatment and Withholding. The issuance of the Warrants may be treated
as a taxable distribution for U.S. federal income tax purposes. AIG
therefore intends to withhold tax on the distribution of the Warrants to non
-U.S. holders of common stock. In the event that it is determined after the
date of distribution that the distribution of the Warrants was not subject
to United States federal income tax, AIG will publicly announce this
determination, and any holder subject to withholding tax may then be
entitled to a refund by filing a refund claim with the United States
Internal Revenue Service. Holders should consult a tax advisor regarding the
U.S. federal and other tax consequences of the distribution of the Warrants
.
Impact on Equity Units. The issuance of the Warrants will trigger certain
anti-dilution adjustments to the settlement rates of AIG's outstanding
Equity Units in accordance with their terms, effective as of the record date
. AIG will notify Equity Unit holders of the amount of this adjustment
within 10 business days of the record date, as required by the terms of the
Equity Units. This adjustment may be treated as a taxable distribution if
the distribution of the Warrants is treated as taxable (as discussed above)
and non-U.S. Equity Unit holders may be subject to tax withholding on future
distributions to such holder or otherwise.
Available Information. AIG will issue the Warrants pursuant to a warrant
agreement between AIG and Wells Fargo Bank, N.A., as warrant agent. Copies
of the warrant agreement may be obtained at no charge from Wells Fargo Bank,
N.A., the warrant agent, at 888-899-8293 in the U.S. (toll-free) or 651-450
-4064 outside the U.S. The warrant agreement will also be attached as an
exhibit to AIG's Current Report on Form 8-K, which will be available
tomorrow on the Securities and Exchange Commission's (SEC) website at www.
sec.gov. Information on the procedures concerning fractional Warrants and
for exercising or selling the Warrants may be obtained by contacting the
warrant agent at the telephone number provided above or by contacting the
broker, bank, or other intermediary through which the Warrants are held.
On or around the time of issuance, AIG intends to file with the SEC a
prospectus supplement registering the AIG common stock to be issued upon
exercise of the Warrants from time to time. A copy of the prospectus
supplement and related prospectus may be obtained for free, when available,
on the SEC website at www.sec.gov.
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead represent
only AIG's belief regarding future events, many of which, by their nature,
are inherently uncertain and outside AIG's control. It is possible that
actual results will differ, possibly materially, from the anticipated
results indicated in these statements. Factors that could cause actual
results to differ, possibly materially, from those in the forward-looking
statements are discussed throughout Part I, Item 2. Management's Discussion
and Analysis of Financial Condition and Results of Operations and in Part II
, Item 1A. Risk Factors of AIG's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2010, AIG's Quarterly Report on Form 10
-Q for the quarterly period ended June 30, 2010, and of AIG's Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2010,
throughout Part II, Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations and in Part I, Item 1A. Risk
Factors of AIG's Annual Report on Form 10-K for the year ended December 31,
2009, (including Amendment No. 1 on Form 10-K/A filed on March 31, 2010, and
Amendment No. 2 on Form 10-K/A filed on August 24, 2010), and in AIG's
Current Report on Form 8-K, filed December 8, 2010.
American International Group, Inc. (AIG) is a leading international
insurance organization with operations in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional and individual
customers through one of the most extensive worldwide property-casualty
networks of any insurer. In addition, AIG companies are leading providers of
life insurance and retirement services in the United States. AIG common
stock is listed on the New York Stock Exchange, as well as the stock
exchanges in Ireland and Tokyo.
SOURCE: American International Group, Inc.
American International Group, Inc.
News Media
Mark Herr
(O): 212-770-3505
(C): 718-685-9348
or
Investment Community
Joe Reali
212-770-7074
Terms of the Warrants. If the above condition is satisfied, AIG common
shareholders will be issued 0.533933 Warrants for every share of AIG common
stock owned on the record dat |
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