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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.


ARCA:SIO - Post by User

Comment by RabidIsBackon Feb 16, 2016 1:39pm
180 Views
Post# 24562542

RE:RE:February 15 already

RE:RE:February 15 already

Massi, what is your point exactly? I did not say that the proposal deadline was yesterday; I said that the 3DGO sale deadline was.   

In the motion petitioning for an extension, SIO clearly mentions that the sale deadline for 3DGO assets is/was February 15 (see section IV article 17, and section V article 25). Potential buyers had until yesterday to submit a binding offer. I'm guessing this deadline was to ensure enough time (3 weeks) for the transaction to go through, so that SIO would be able to prepare a proposal to its creditors in time for March 7.  

Did a sale occur? I guess we'll soon find out.

If not, that leaves SIO with a little less than 3 weeks of agony before officially going bankrupt. 

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