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Purpose Canadian Financial Income Series A T.BNC

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and CanadianInsurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthlydistributions.


TSX:BNC - Post by User

Post by bailmeouton Aug 26, 2016 7:25pm
371 Views
Post# 25182375

Anyone else see a link to the release 3 weeks ago..

Anyone else see a link to the release 3 weeks ago..What was the need to send out the overly negative toned letter three weeks back. They knew at that time the deal was being done. There was no need to say anything..unless they wanted to rape a few more retailers of their shares. If they said nothing they would still be sitting at .075 cents without the huge drop to as low as .045 that shook out MILLIONS of shares. Their previous release was May. You dont think they could have just waited 3 weeks to release the deal. They wanted 1 last play on the retail holders. imo the BOD is making big on this deal on the backs of the many who have been with this company for about 5x as long as them...sad but true. Someone may want to bring that up at the rubber stamp meeting.
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