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Transcript:

Again, we sit on about a 10% allocation in most of our portfolios and that’s Reinet. Our opinion is you’re getting a discounted stake in British American Tobacco and that’s basically a monopoly in the smoking industry worldwide along with a few other participants like Imperial. I think it’s a better run business. Ultimately you are getting that dividend stream diversified into a global portfolio of assets through Tri-Atlantic. I like the long term story - I think it’s nice and diverse and essentially you are getting a global play.
Broker:
Bruce Main, Ivy Asset Management

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