RE: RE: RE: RE: sustainability of high dividend yiFrom the Feb 28, 2007 Short Prospectus on the sedar.com site. I didnt read the prospectus on B shares but I think they are mostly the same.
The Series 1 Shares do not carry voting rights and rank senior to the Class A Common Shares and Class B Common Shares of YPG
Holdings and rank pari passu with each other and all other series of cumulative redeemable first preferred shares of YPG Holdings (‘‘First
Preferred Shares’’) with respect to the payment of dividends and the distribution of the assets of YPG Holdings on the liquidation,
dissolution or winding up of YPG Holdings
Pari Passu means the a.b.c.d. shares are equal with respect to divy and distribution. However...C and D dont expire.
They would have to suspend all divies, not just one kind. But all are accumulative, so you should be able to collect unless the company goes bankrupt. Then you would be in line behind the employees, banks, and debenture holders.
Derek