iShares Core Balanced ETF T.XBAL

The investment objective of the Fund is to provide long-term capital growth and income, net of expenses. Under normal market conditions, the Fund will primarily invest in one or more exchange-traded funds managed by BlackRock Canada or an affiliate that provide exposure to equity or fixed income securities. To achieve its investment objective the iShares ETFs in which the Fund invests are generally expected to employ indexing strategies that provide exposure to broadbased equity and fixed income markets. The Fund is managed in accordance with a long-term strategic asset allocation of approximately 60 Percentage equity exposure and approximately 40 Pcercentage fixed income exposure.

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iShares Core Balanced ETF > Dumb move by co.unless

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Comment by OwnWalleton Jul 16, 2003 3:15am

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Post# 6247136

RE: Dumb move by co.unless

Take 7 mil units, throw in 3 mil more for an over allotment then add 5 mil more for warrants plus 1 mil flow through shares and now cap it all off with 5% of this total (800,000) for the brokers and what do you have? Well with 39 543 683 O/S, it looks like a potential 16 800 000 dilution, which not counting options, makes for a 42 1/2% dilution. Anyone willing to risk a two dollar bid? Were (presumed) broker overtures and all that job security money just too hard to resist? Is this just another slimeball junior that can't tolerate shareholder prosperity? Own Wallet

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