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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

Comment by NearlyDoneon Sep 14, 2016 10:33am
208 Views
Post# 25235604

RE:RE:RE:Dear Nearly Done....Who are you?

RE:RE:RE:Dear Nearly Done....Who are you?
Okay, NP, even with selling a significant portion last fall I am still at a loss of 122K at 13.5 cents.

I am holding out what I have left for a second offer. people are talking about seeking legal advice and they have every right to but that really needs to come from heavier holding not just angry shareholders like you and I. Maybe they can delay it but then you could be open to retribution from those who want it to go through and be at 4 cents or less again in no time at all. My opinion is that this 13.5 cent bid could be a ruse to give the opinion of a second interested buyer and delay any action until the vote is on top of us and goes through. or it could be real but why is it varying between 27 and 35 bidders at 13.5 bacuase it does seem unbelievable. An updated holdings report from K2 investments would be good.
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