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 > Monday's ? of the Day & Things That Make You Go Hmmmm!

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Comment by scroll4factson Aug 29, 2016 8:14pm

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Post# 25189107

RE:RE:RE:Monday's ? of the Day & Things That Make You Go Hmmmm!

Typo.. for instead of from

That's a good question. Is this info confidential? I don't still get it. Was there a conference call that I missed explaining why would this deal be in the best interest of the shareholders. To me it looks like a fire sale and as far as I know we are not going bankrupt in the short term. What are their motivations? I would like to understand exactly why nothing better has been found and what has been done to find a better offer. Why would MCNA, 2 plants and millions in tax credits now appear almost worthless? All this to me seems very strange. I mean, in my view even a 42c/share offer would have looked like a very good deal for an opportunistic and motivated buyer.

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