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 > voted NO

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Comment by robergeaon Oct 13, 2016 11:43pm

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Post# 25342245

RE:RE:RE:RE:RE:RE:RE:RE:voted NO

Maybe "assume" was a strong word. Probably better to say I would think that K2.... They are an activist fund so they may want to get in and get a better price for TST than what PLI offered. If they wanted PLI they could buy them in the market at possibly lower price than it will be at the closure of the deal. JMHO.

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