Bullboard - Stock Discussion Forum 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... see more

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Purpose Canadian Financial Income Series A > Debt in TST?

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Post by stockman6767 on Aug 25, 2016 12:35am

Debt in TST?

Can anyone tell me what the debt situation is currently in TST? Is there any long or short term borrowing or bonds issued? Is the Bellville plant fully paid for and free and clear or is there a huge mortgage on the property? thanx

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Comment by stockman6767 on Aug 25, 2016 1:13am

I tried to answer my own question by checking the financial statements on the TST website. the latest balance sheet was for March 31, 2016. I found no large debt of any kind that would have been used to finance the Bellville plant. But, I am now still confused as I did not find any entry in the Asset column for Non current Property, plant and equipment on the order of $30M to $50M. All I found was ...more

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Purpose Canadian Financial Income Series A