FIN 800 Lecture Notes - Lecture 6: Freddie Mac, Bmo Nesbitt Burns, Government National Mortgage Association
Document Summary
Lecture #2 origins of financial crisis review sentry select mbs adjustable rate income fund ii (march 30, 2005) What did the investor think they were buying (and broker think they were selling?) Your views on disclosure and format of prospectus. Agents and their counsel act for potential investors. Due diligence, review and approve preliminary prospectus and marketing materials (dealer note, presentation). Osc provides comments / questions that must be addressed in final prospectus; client needs to receive both. Issue is allowed to market after filing of final prospectus. Issuer provides quarterly updates, mrfps, semi-annual financial statements (minimum) The trust has the following investment objectives: o o to provide holders of units ( unitholders"") with a tax efficient stream of monthly cash distributions; and to preserve the net asset value of the trust. Cash distributions from the trust are not fixed and may vary from month to month.
