Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

American Express International Fund Deal - Lehman Brothers Collection

American Express International Fund

Company Dealissue of 985,128 shares with attached warrants to purchase 492,564 additional shares
Transaction TypeShares, with Warrants
Deal DescriptionThe American Express International Fund was an unincorporated co-proprietorship, the assets of which were the undivided, jointly held property of the persons owning shares in the fund. Each share offered in this deal had one warrant attached entitling the shareholder, until December 31, 1970, to buy a one-half share of the fund at net asset value on the date on which the warrant was exercised, without any sales charges. The fund intended to use the proceeds from the sale to cover organizational and start-up expenses.
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