Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

RE:RE:Short term pain coming

[indmuny]

Not a good look when the shareholder dividend is cut in half:

"to protect our balance sheet and maintain financial flexibility, we have reduced our monthly distribution to $0.05 per unit. We intend to use excess cash flow to strengthen our balance sheet by reducing leverage."

and then to need to dilute shareholders further for the same purposes.

BMO,  CIBC, National Bank Financial Inc., RBC Markets, Scotiabank and TD Securities Inc.are all getting a slice to ensure their anal-ysts continue to pump.

%^$#%$$#