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Bullboard - Stock Discussion Forum Purpose Conservative Income Series A T.PRP

The fund seeks to provide (i) a moderate positive total return consisting of dividend income and capital appreciation, while trying to reduce portfolio volatility and (ii) monthly distributions, by investing in a broad range of asset classes which may include equities, fixed income, inflation sensitive securities and cash. The fund invests in a broad range of asset classes which may include... see more

TSX:PRP - Post Discussion

Purpose Conservative Income Series A > looks like PRP got sold.....
View:
Post by bluebeard123 on Oct 24, 2013 7:24pm

looks like PRP got sold.....

the agony is over. I'd like to see what I get.
Comment by Sonny22 on Oct 24, 2013 9:09pm
Bluebeard123, I don't think you get it.  Assets are being sold - i.e. ProSep Inc. will cease to exist and shareholders will get nothing, zilch, nada, goose egg, etc.!
Comment by bluebeard123 on Oct 24, 2013 10:03pm
OK. Would the company be declared insolvent and wound down by court order so that I can claim capital losses for this tax year? thanks, Bluebeard123
Comment by monsieur_stiffy on Oct 25, 2013 3:42pm
I'm not so sure you won't get something for your shares. The company was "sold" for $9,200,000 It's not being liquidated
Purpose Conservative Income Series A