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Re: duratrader post# 17922

Thursday, 04/14/2011 1:52:50 PM

Thursday, April 14, 2011 1:52:50 PM

Post# of 64475
I think you are correct...American owns 10% of ACLY within American. PGPM owns 100% of American. Just as American own a few screwdrivers and a couple of shovels PGPM owns 100% of the tools.

So in a way we can't say PGPM owns 20% of ACLY, but in the end...we do....not in direct terms! That's the disclaimer you noted.

ncpti

Information above may be speculative, based on mis-information, contain inaccurate data, be entirely tongue-in-cheek, depending on how much liquor I consume, how litigious and degree of stupidity / gullibility exhibited by the poster/reader I respond to.