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Horizons Active Floating Rate Snr Ln ETF Class E T.HSL

The investment objective of HSL is to seek to provide unitholders with a high level of current income by investing primarily in a diversified portfolio of U.S. senior secured floating rate loans, which are generally rated below investment grade (loans rated at or below BB+ by Standard & Poors, or a similar rating by a designated rating organization) and debt securities, with capital appreciation as a secondary objective. HSL principally invests in a portfolio of U.S. senior secured floating rate loans which are generally rated below investment grade (loans rated at or below BB+ by Standard & Poors, or a similar rating by a designated rating organization) and debt securities. HSL may also invest in Listed Funds, as they are defined in the ETFs prospectus, that provide exposure to senior loans.


TSX:HSL - Post by User

Comment by fibonnacion May 24, 2012 1:56pm
370 Views
Post# 19942728

RE: who is going to vote no on this deal?.....

RE: who is going to vote no on this deal?.....

sorry , meant to add..... dxpe had ebitda of around 23mm in latest quarter compared to over 5 million for hsl

 

do the math, on a ebitba basis, we have 20-25% of their ebitda but we are getting around 10% of their market cap????..... this deal is too cheap imho

 

dxpe has 250 million in debt, hsl has 10 million in debt

 

ummmmmmm...... am i missing something? hsl holders are being taken to the cleaners, step up and make your self heard!

 

glta

 

 

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