CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Bought more CUS at $1.32

[pierrelebel]

Finally pulled the trigger and purchased another 5,000 shares this morning, bringing my average cost down..

With SPB trading at $10.75, the premium is currently 19.5%.

Based on completion of the merger transaction in six months's time, that is not a bad return with reduced risks. 

A few percentages are lost to the dividend differential but it is largely immaterial (less than 2% net).

[pierrelebel]

"the premium is currently 19.5%" Of course it should have read "the discount is currently 19.5%" My bad.

[Kherson]

Great call... Too funny... Will Canexus still be solvent by the time the proposed merger occurs? Kherson

[dinosaur13]

One other thing to consider regarding the share price, is the compartively low volumes CUS has been trading at as we move closer and closer to the closing date. Low trading volumes tend to manifest themselves in short term bleeds of the SP with no news and poor TSX performance.  According to the Superior website, here are the boxes left to tick: -Canexus special meeting of shareholders (99%

[rickwed5]

This post has been removed in accordance with Community Policy

[iawyll1]

Thanks for the update !!!!