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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 rgonlyfactsplson Sep 18, 2016 8:52pm
225 Views
Post# 25250387

RE:RE:RE:Voting against the 14c acquisition

RE:RE:RE:Voting against the 14c acquisitionDear Biostocks01 & TheGreatKazooooooooo (bless youuuuuu, hopefully it's only a cold or seasonal allergies)...If MCNA is truly out of the picture THEN the potential buyer is primarily buying hard, cold CASH in TST's bank account (forgetting a few other assets). As the analysts of PLI have already broken down the components of the deal, CASH (in the bank) accounts for almost 80% of the value at 14 cents PLI is offering. REPEAT, the potential buyer is primarily buying hard, cold, risk-free CASH sitting in a bank account. These analysts (and PLI) have set the lowest price and actually spread the news. Their capital markets deal makers and investment bankers have also taken note of this incredibly easy picking (as others now have). I would not venture a guess at what the stock would do if the PLI deal did not happen (for what ever reason, bad or good) BUT TST ain't being sold for anything below cash-at-hand less break-up fee. And, that is barrrrggggain basement. We will see. And, hopefully see a meaningfully better offer sooner-than-later. I can wait. rg
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