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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Purpose Canadian Financial Income Series A > Suggestion

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Post by cardu on Sep 22, 2016 12:27pm

Suggestion

For those of you who are worried that PLI might jump in value before the conversion, why don't you sell TST at 0.135 and convert to PLI? I did and I'm already up a little.

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Comment by vega509 on Sep 22, 2016 1:50pm

that works if no better offer comes, and assumes shareholders accept the 14 cents. ( the most likely IMO) many are hoping for a better offer, should this happen you have already comitted to the 13.5 cents you sold TST for. hopefully this works out for you. best of luck

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Comment by cardu on Sep 22, 2016 3:04pm

I understand the offer from PLI is a binding offer. Which means , to me, there is no chance of another one unless the shareholders turn it down. I agree with you that it is unlikely that will happen. However, if it did happen the stock price would probably plummet minus another offer. In this whole sorry mess I blame the FDA. They encouraged the company to apply with the existing stats and then ...more

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