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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 account15on Aug 27, 2016 6:01pm
317 Views
Post# 25183813

Fair value

Fair value
Looking forward to read up on justification of 14 cents by the "INDEPENDENT ANALYST" . How can anybody justify fair market value when you combine cash and tax loss to write off and perhaps write off completely 2 plants and mcna platform in phase 3. In 2005 bioniche sold plant in Ireland for 30 mill which was bought out for 500 mill in 2010 by Mylan. ( numbers approx. ) SAME THING WILL HAPPEN TO MCNA. I vote NO. Then get rid of them all in November.
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