GMP Capital Inc. Cumulative Floating Rate Preferre T.GMP.PR.C

RE:Jerome Haas on BNN

[pierrelebel]

Jerome Hass on BNN:

(Preferred Series B.) This was his Top Pick in October as there was a catalyst in November, where any one of the 3 parties that owned the wealth management arm of GMP could put their stake up for sale without the approval of the others. The main bidder had been Toronto Dominion (TD-T), and he felt a lot of the IAs, which had veto power, had expressed their unhappiness. Still thinks this is on the table, but thinks management will want to get a few more good quarters under their belt. Still an interesting play.