TSX:CTF.UN - Post by User
Comment by
VerusSemperSorson Aug 14, 2014 12:06pm
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Post# 22841949
RE:New CSA Rules
RE:New CSA Rulesyou are quite right - this investment is going up, up, up - and for good reasons. Upcoming redemption, large discount to NAV have been highlighted here. Re. not issuing shares at less than NAV, I didn't find that specific restriction in the new rules link you posted. As a closed fund CTF.UN can not issue new shares directly. So perhaps you were referring to the restriction on issuing warrants, which indirectly creates new shares? I'd expect CTF.UN to go up regardless of the CSA, but some of the new rules ought to be helpful. -GLTA