Examples of Minimum Return in a sentence
Minimum Return on increased Net Worth required to maintain pre-Issue EPS.
The Minimum Return Derivative was equivalent to the additional amount (if any) the Company would have to pay at the maturity of the Gold Loan to ensure the return to Sprott was at least 7.5%; the derivative was marked to market at each period end with changes in fair value recorded as unrealized derivative gain (loss).
At May 29, 2015 (the last payment on the Gold Loan), the Company paid $92 for the Minimum Return Derivative.
Based on our understanding of the current administrative practice of the Canada Revenue Agency, only an amount based on accruing the Minimum Return over the term and calculated on each Anniversary Day (as defined in the Income Tax Act (Canada)) would be considered receivable for each year up to the final calendar year.
Minimum Return on Net Worth after Issue to maintain Pre-Issue EPS.