based on previous comments, illiquidity is one reason and the other is that punters in TIM don't know about TIMPB. Hybrids for some people are too complicated. Yet this is the segment that will rally before equity markets recover
I am hedged nicely now; Gross return max is 57% at tim=50 cents, at tim=0 I make 15% and above 80 cents I lose money;
timpb dividend payment, page-21
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