RE: Debt Payments off of TD WebsiteTo a couple of open points on this thread:
1. Short of bankrupting, they are not allowed to stop the dividend on the preferred shares. They can, according to the agreement outline in the prospectus, suspend dividends. However, as long as they don't go belly up, they eventually have to pay them on the preferred shares. An agreement with the banks can't override that while the company remains solvent.
2. They have bought 10% of the series A, about 35% of the series B, and much smaller portions of the C & D. They aren't allowed to buy any more of those until the $250 million in remaining bank debt is paid down.