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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.


TSX:BNC - Post by User

Post by mercedesmanon Aug 24, 2016 2:34pm
290 Views
Post# 25172917

Floor established. 50 million shares purchased. 33 % upside

Floor established. 50 million shares purchased. 33 % upside
If you could make almost a guaranteed 33% in a few weeks would you do it? What do the purchasers of 50million shares today know? 1. a floor has been established at 14 cents. PLI shares are rising on the news - they know they are getting the company for a steal. 2. buy at .135. Worst case sell at .14. possible sell at .15 to .20. How? sweetened offer, rising PLI share price, competing bid. .18 cents represents a 33 % return on your money over a short period of time (annualized that is darn good). 3. Tired, fed-up TST shareholders are being ripped off. Hold out for more. Little downside from here. Lots of potential for upside. Where do you find that ? MM
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