TSXV:PAR.H - Post by User
Post by
zeus55on Nov 13, 2013 7:19pm
358 Views
Post# 21903795
Distribution cut
Distribution cutI hate to say I told you so, but...................
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Partners also announced that it will reduce its monthly cash distribution to unitholders by 22%, to $0.04167 per unit, or $0.50 per unit on an annualized basis. This adjustment will commence with the November 2013 distribution.
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And they should have cut more, as the payout ratio was 143% for the quarter