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.

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Purpose Canadian Financial Income Series A > Feels like PLI was an intentional choice...

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Comment by vega509on Sep 16, 2016 4:44pm

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Post# 25246804

RE:Feels like PLI was an intentional choice...

at a firesale price less than 50 cents on the dollar, they did not have to look very hard. the hard part was keeping their golden parachutes, and maybe a sweetener from PLI for themselves.

the next hurdle will be getting this past shareholders, hopefully there are enough who will vote it down, but that is a coin toss.

this whole episode goes well beyond bad.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?