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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

TSX:BNC - Post Discussion

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Post by HighteawithIntrepid on Oct 09, 2016 9:59pm

Share truncation

If you and your family hold your shares in more
than one account you may want to put the shares in excess
of the final ratio in one account as the remaining shares will
 not be paid for in cash. Although this will be less than $3.
It would be enough for a twelve pack if you have 10 accounts
Normally this rounding is paid in cash but not this time.
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