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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

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Post by HighteawithIntrepid on Oct 20, 2016 1:43pm

Floating rate deal

If the deal had been fixed at 20.5 shares of TST for 1 share the 
unwashed would be far less upset as that way part of the post uptick would 
belong to us. As it is the only Aa covered were managements.
Just listened to Van Morrison "Been down so damn long" which pretty
much sums up our lot in life on this one.
Comment by Tson99 on Oct 20, 2016 3:22pm
This deal keeps getting better and better!!!! By the way, has anyone else been getting phone calls from people representing Telesta asking to make sure to vote? And to remember that the BOD unanimously recommended the deal?
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