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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

TSX:BNC - Post Discussion

Purpose Canadian Financial Income Series A > while management gets ........
View:
Post by vega509 on Aug 26, 2016 11:33am

while management gets ........

rewarded for poor to negligent performance, and walks away with their severance and overly generous pay packages, shareholders are of no concern to them, and they are selling the company for less than $0.50 on the dollar.

so much for fiduciary duty and increasing shareholder value.

the only positive coming out of this is management decided not to buy another company and run it into the ground with shareholder money.
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