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iShares S&P/TSX Capped Consumer Staples Index ETF T.XST

Alternate Symbol(s):  ISTIF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Consumer Staples Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.


TSX:XST - Post by User

iShares S&P/TSX Capped Consumer Staples Index ETF > 1,000,000 Shares !!!!!!!!!!!!!!!!
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Comment by 123on Feb 02, 2000 11:16am
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Post# 1309728

RE: 1,000,000 Shares !!!!!!!!!!!!!!!!

RE: 1,000,000 Shares !!!!!!!!!!!!!!!!I don't see where the 1 million free trading shares would have come from ? The only free trading shares are the ones issued at IPO -2 million shares to the public. The rest are issued to the insiders and directors. Shares issued for the major transaction vend in are also escrowed. All these escrowed shares are released 1/3 each year over three year period. The first batch to be released would be 1 year from Jan. 31/00. The stock is very tight because there are only 2 million free trading shares in the market. It can easily go up higher if there is any interest out there by some big investors. I would expect the stock would hit $ 3.00 by end of Feb/00 for whatever reasons !
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