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


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

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.


TSX:CHE.DB.E - Post by User

Post by biketrader98on Sep 20, 2023 5:45pm
305 Views
Post# 35646248

Distributions

DistributionsCan anyone explain why CHE hasn't increased the payout to unitholders?  Paying out less than a quarter of their distributable cash is holding back the SP and total return to unitholders.

From their Q2 press release:

Distributable cash after maintenance capital expenditures(1) of $95.5 million, an increase of $69.5 million or 268% year-over-year, with a distribution Payout ratio(1) of 22% for the twelve months ended June 30, 2023. 

Anyone understand the strategy here? 
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