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CI Gold+ Giants Covered Call ETF T.CGXF

Alternate Symbol(s):  T.CGXF.U

The investment objective is to provide holders with i quarterly cash distributions ii the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest issuers measured by market capitalization chosen from the SPTSX Capped Materials Index and iii lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.Each month the Manager will employ a covered call option writing program on approximately and not more than 25% of the securities of each portfolio issuer in order to seek to earn attractive tax effective income from dividends distributions and call option premiums lower the overall volatility of returns associated with owning a portfolio of these securities and to generate capital appreciation.


TSX:CGXF - Post by User

Post by luscar99on Feb 09, 2024 10:17am
137 Views
Post# 35872194

Warning: Ponzi scheme !

Warning: Ponzi scheme !In case you haven't figure it out yet CGXF is a scam. A Ponzi scheme where you get a part of your own money back via monthly distributions (Return of Capital).

The rest of your money would be looted as MER, providing generous salaries and bonuses to people who theoretically should be profitably trading gold equities but have no idea what they're doing.

It has no relation with the price of gold or gold equities. Just a fancy name to attract morons who wrongfully believe they invest in a gold proxy.

You'll never get your money back and the longer you remain in the game the more money you'll be robbed of.



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