Touchstone Strategic Income ETF V.SIO

Primary Symbol: SIO

The Fund seeks a high level of current income with a focus on capital preservation. The Fund invests, under normal market conditions, at least 80 percent of its assets in income producing fixed-income securities. This is a non-fundamental investment policy that the Fund's Board can change upon 60 days prior notice to shareholders. Income producing securities generally include corporate debt securities, mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and preferred stocks. The Fund will engage in frequent and active trading as part of its principal investment strategies.

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Touchstone Strategic Income ETF > Well

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Comment by hedge8on Sep 29, 2015 7:42pm

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Post# 24147315

RE:RE:RE:Well

I've read about several cases in the past where exercise dates have been extended and/or strike prices revised lower. But I'm not sure either makes sense in this case. Extending the date just gives the Caisse a free option for nothing.

Lowering the exercise price makes SOME sense if the alternative is to issue a PP. This way you can save all the fees associated with a typical PP placement.

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