Bullboard - Stock Discussion Forum 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... see more

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TSX:BNC - Post Discussion

Purpose Canadian Financial Income Series A > 1.75 million shares bought at 14 cents

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Post by TheRock07 on Aug 27, 2016 7:25am

1.75 million shares bought at 14 cents

And much more than that at 0.1375

Several houses but mainly Cibc and Bmo.

Interesting

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Comment by thePlayer on Aug 27, 2016 12:03pm

Well, whoever picked for .1375 probably wasn't dreaming to make 0.0025..... let along ones who picked at .14

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Comment by Mikepal on Aug 27, 2016 5:26pm

I agree with you but, I can't see another buyer coming with an offer any more than a few cents over .14 - just not a smart business decision really no point....what do you think?

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Purpose Canadian Financial Income Series A