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Bullboard - Stock Discussion Forum DOMINION CITRUS INCOME FUND T.DOM.UN

Consumer Defensive Food Distribution

"Dominion Citrus Income Fund provides an integrated suite of services for fresh produce. It offers finance, reporting and insurance, procurement, international logistics, ripening, sorting and grading, packaging and re-packing services."

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Bullboard (TSX:DOM.UN)

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Comment by GoldenGunon Apr 03, 2013 10:15am

RE: RE: Retraction of Preferreds

Not sure I understand. I'm so confused now. When would the preferreds have no value? If a shareholder does not tender a retarction is that shareholder out of luck? I mean if I buy shares of ...more

Discussion

Comment by pmac2015on Apr 03, 2013 9:10am

RE: Retraction of Preferreds

That is a good question. I am curious to see if some of the preferreds do get to retract ahead of the settlement. The preferreds would definitely not have no value. The settlement that the ...more

Discussion

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Comment by ob1knobon Apr 03, 2013 9:04am

RE: RE: RE: RE: A good trade

"I can't see how they wouldn't be able to put some sort of financing transaction together that would honour the initial claim of the preferreds." The preferreds are defined as ...more

103

Discussion

Post by GoldenGunon Apr 03, 2013 7:55am

Retraction of Preferreds

The likelyhood of the preferreds being converted to trust units is pretty low I think. Otherwise, the preferreds would be trading at par ($2.25). If I were to buy shares now, can I still put in a ...more

190

Comment by ob1knobon Apr 03, 2013 1:02am

RE: RE: RE: RE: RE: A good trade

IMHO, Blair is a smart man. I've not checked SEDI to confirm that he has purchased a pile of trust units but if he has.... then my guess is that he thinks that the trust units is ...more

Discussion

Comment by Aspertheoldmanon Apr 02, 2013 11:30pm

RE: RE: RE: RE: A good trade

I totally agree with you

Discussion

Comment by pmac2015on Apr 02, 2013 11:09pm

RE: RE: RE: A good trade

I just don't see how the company is teetering that close to bankruptcy. I can't see how they wouldn't be able to put some sort of financing transaction together that would honour the ...more

Discussion

Comment by Aspertheoldmanon Apr 02, 2013 10:45pm

RE: RE: RE: A good trade

He is not a director (chairman of the board) since december 8, 2011. Sorry for the previous misinformation

Discussion

Comment by ob1knobon Apr 02, 2013 10:32pm

RE: RE: RE: RE: RE: A good trade

https://www.dominioncitrus.com/investor_management.php No mention of Blair as a Director on the company web page?

Discussion

Comment by ob1knobon Apr 02, 2013 10:28pm

RE: RE: RE: RE: A good trade

Blair is a director? A major shareholder yes I can see this but when did he becoem a Director? At the AGM I thought he was just a shareholder and I thought he had the intention of remaining just a ...more

Discussion

Comment by Aspertheoldmanon Apr 02, 2013 10:09pm

RE: RE: RE: A good trade

Dominion can pay in stocks It owes about $2.5 million. It could redeemed the pref with about 10 millions units. Actual book value of Dom is about 2.1 million and the book value per unit is about ...more

Discussion

Comment by GoldenGunon Apr 02, 2013 11:05am

RE: RE: A good trade

I kinda hope the unit shareholders approve the deal because otherwise it could force a bankruptcy and everyone loses. To me the preferreds are getting less than the $2.25+accrued interest, but if they ...more

Discussion

Comment by pmac2015on Apr 01, 2013 10:00pm

RE: A good trade

One reason why I think they would not offer that is that it wouldn't be beneficial to the majority holders of the preferreds. If the majority holders were to take all stock than it would take them ...more

Discussion

Comment by pmac2015on Apr 01, 2013 9:54pm

RE: Meeting April 26

I think the important thing for Pref shareholders to consider is that following this meeting the shares will no longer be listed on the exchange. There is a pretty high rate of return if you can hold ...more

108

Discussion

Post by GoldenGunon Apr 01, 2013 8:44am

Meeting April 26

Dominion Citrus Announces Special Unitholder Meeting on April 26, 2013 and Adjournment of Preference Shareholder Meeting to April 26, 2013 to Approve Settlement with Preference Shareholders. You can ...more

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