Invesco Water Resources ETF T.PHO

Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.

NDAQ:PHO - Post by User

Invesco Water Resources ETF

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Post by zrobertsonon Oct 12, 2016 1:28pm

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Post# 25335828

We have an activist group...

FONDREN AND JEC CAPITAL ANNOUNCE AGREEMENT REGARDING COMMON SHARES OF PHOTON CONTROL INC.

The Acquirors have engaged and intend to continue to engage in discussions with Photon’s board of directors (the “Board”) and management team regarding adding highly qualified director candidates to the Board to benefit Photon.

The Acquirors do not currently intend to solicit proxies from Photon shareholders and Photon has not called a meeting of shareholders; however, to the extent the Board does not engage in constructive discussions with the Acquirors regarding adding highly qualified candidates to the Board, which discussions do not result in a satisfactory outcome in the opinion of the Acquirors, the Acquirors reserve their rights to solicit proxies at any annual and special meetings of shareholders of Photon to seek the election of highly qualified director candidates, subject to applicable laws.

Most of the shares acquired by the group were in the low $0.70s, so they see significant upside from here.

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