(June 21 – 11:15 ET) – BayStreetDirect Inc. and IPC Financial Network Inc. are teaming up to offer a new issue of managed futures notes from the Business Development Bank of Canada.

The BDC Managed Futures Notes offer 100% principal protection, backed by the full faith and credit of the Government of Canada when held to maturity. At maturity, investors will receive their principal plus any profits generated by the managed futures trading program.

The product offers global exposure, but is considered Canadian content and is 100% RRSP eligible. The product is being pitched as offering diversification beyond stocks and bonds with the potential for equity-like returns. Managed futures are not correlated to traditional assets.

This new issue will be managed by Toronto’s Tricycle Asset Management Corp., which is wholly owned by its team, Robert Bourgeois, Fred Hirshfeld and Jan Holland, all formerly with Nesbitt Burns Managed Futures. The offering will be between $15 million and $100 million at $100 per note. The offering is expected to settle by August 30.
-IE Staff

http://dealer.baystreetdirect.com