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 > Sailor u are sure they will ask an other PP??

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Comment by hedge8on Oct 06, 2015 10:08am

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RE:RE:Sailor u are sure they will ask an other PP??

Asking the Caisse to exercise .18 warrants when the SP is .12 is silly.

I agree SIO needs one last injection of cash by early 2016, but the Caisse isn't in the business of handing out money for nothing.

What would make more sense, imo, would be for the Caisse to loan Sensio $1-2 million via a convertable debt offering, maybe giving them the option to convert the debt to equity at a reasonable strike price. That would protect the Caisse's existing investment and give SIO the funds they need to get cash flow positive. A win-win.

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