Just a quick question. If the price of an underlying share drops below the exercise price of an installment warrant on that share (renders the share worthless) is the holder of the warrant still entitled to dividends? I'm not sure thats so clear so I will give an example.
BHP is at 2000
I buy BHPIZI with an excercise price of 1950 that matures March/06
BHP drops to 1900 over the month rendering the installments worthless.
If BHP paid a dividend next month would I still be entitled to this dividend even though my warrants are technically worthless?
Hope that makes sense to someone.