Market Cap

This is a company’s market capitalization. To calculate the market cap, simply multiply the issued and outstanding shares by the current selling price.

Ontario Securities Commission

The government agency that administers the Securities Act (Ontario) and the Commodity Futures Act (Ontario) and regulates securities and listed futures contract transactions in Ontario.

Master Limited Partnership (MLP)

Similar to a real estate investment trust (REIT), except MLPs are not limited to a specific industry compared to REITs which must invest in real estate. Both types trade like stocks on the New York Stock Exchange, and both types must distribute most of their earnings in the form of dividends. 

New Issuer Listing – Spin-Off

A reorganization that usually results in a newly listed issuer acquiring a business division or assets as its principal operating asset from another issuer (the reorganized issuer), with security holders of the reorganized issuer holding securities in both issuers, following completion of the reorganization.

Open

This is the price at which a security opens for the trading day. A stock can open at the previous closing price, gap up or gap down.

Material Change

A change in an issuer’s affairs that could have a significant effect on the market value of its securities, such as a change in the nature of the business or control of the issuer. Under the principle of continuous disclosure, a listed issuer must issue a news release and report to the applicable self-regulatory organization as soon as a material change occurs.

New Listing

A security issue that is newly added to the list of tradable security issues of an exchange. It is accompanied with a new listing date.