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 > MCNA not officially dead yet

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Comment by mercedesmanon Aug 30, 2016 3:56pm

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Post# 25192605

RE:RE:RE:RE:RE:RE:RE:RE:MCNA not officially dead yet

Everybody can use cash. Tax Losses/Tax Credits ? - lots of profitable companies want those. Buildings? if not needed can be liquidated. MCNA - remains to be seen if their are any takers...not close enough to it (but agree some disclosure as to the thought process is warranted) Cattle vaccine? What happened to that? 14 cents is still too low to be considered a reasonable offer, and to absolve the Mgt team of their Fiduciary responsibilities IMO. Apparently someone buying thinks so as well. MM

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