Purpose Canadian Financial Income Series A T.BNC

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and CanadianInsurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthlydistributions.

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Purpose Canadian Financial Income Series A > Special Meeting for TST

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Comment by vega509on Aug 09, 2016 7:33pm

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Post# 25124490

RE:Special Meeting for TST

vincentmtl wrote:

Following is the initial proposal for special meeting

1. Current management team can keep their positions, but the highest salary should be less than 200k dollars per person including bonus before the final deal approved by all shareholders. Please consider how much money lost for the shareholders! Due to the failure of project, the team should be responsible for the failure.

2. Any assets take-over should be approved by the shareholders and the dissidents should have right to take their part of money based on the net value of the company.

3. If during the period of 3 month, the team can't find assets take-over, the team should liquidate all the assets and disperse all the cash to shareholders as a special dividend.

Following is the list of shares and shareholders supporting the proposal:

Magnus123: 96k
DIprivateinvest: ~450k shares
scuba2223: 500k
Ahmad2000: 240K
Vincentmtl: 680 k
Others: 225k
Total: 2191 k