TSX:FAY.RT - Post by User
Comment by
LuckyInvestoron Nov 11, 2014 2:07pm
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Post# 23117847
RE:RE:RE:RE:My two cents
RE:RE:RE:RE:My two centsHockeynut2 wrote: It looks like they want to change things up a bit. I wonder what the new yield will be? GLTA
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Yeah looks like they are going to invest more in bonds and debentures for income now that the tax shelters for dividends are gone. And since investing in fixed-income is relatively lower maintenance and also the merging into another bigginer fund so the voluntary reduction in management and fund fee (which I had no idea it was so much). Considering that they didn't mention any payout information, not sure if the fund will continue to pay an income.<br />
Not only that there is lots more detail that we need to get from First Assets regarding the current fund. First and foremost, are we still getting the November and December distribution? How's it going to be redeemed? Do we investors ourselves going to have to go to the market to sell it or is it going to be a buyout? How's the merger going to be carried out? At what price level? There was very little information included in that announcement aside from the "goodies" that they are dangling in front of us, the cancellation of the fund fees in order for us to vote yes. And also what's the consequence if we vote "No". These are all questions that I am looking to get answers on in the information package that they are mailing out today.