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

Alternate Symbol(s): T.CHE.DB.F | CGIFF | T.CHE.DB.G | T.CHE.DB.H | T.CHE.UN

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Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > So if you like conspiracies

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Comment by HermannHalleron Nov 24, 2022 12:43pm

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Post# 35125480

RE:RE:So if you like conspiracies

The advantage of holding in the money converts is that it gives you downside protection. The converts will trade higher, if the stock price goes higher, but if something goes really bad, you are safer in the bond. Then you have to consider if the difference between the dividend and the interest rate is worth the downside protection.

CanSiamCyp wrote: Exactly how does the conversion of debentures to units take place? Does the holder have to submit the request to the REIT management office ... and then they issue new units from treasury at the prescribed price. Given that the debenture you are referring to is "in the money" at $7.35 and the units are currently trading above $9, what is the incentive for debenture holders to continue holding and resist converting?

Cheers!

uograd wrote: you may want to look at the trading in che.db.f debenture

last few days there have been at least 5 blocks adding up to almost $10,000,000 not shares

now these debenture are convertible at 7.35 so if a guy wanted to start picking up a stake in chemtrade on the qt they could start by buying these debentures and have in their pocket the conversion at a later date into trading shares and voting shares.

just saying ....