TSX:STB.DB.A - Post by User
Post by
PaulKingon May 15, 2015 6:10pm
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Post# 23734888
Why not pre-announce the change for tansparency?
Why not pre-announce the change for tansparency?It seems obvious to me that the timing was arranged only because of the increase in the Canadian dollar. If they had wanted to be fully transparent, they could easily have announced the currency change, say, 6 months in advance, agreeing in a fair way to honour whatever the dollar rate was at that time. It sure smells when they say with a straight face that it was just coincidental that the rate changed. This is simply a dividend cut in sheeps' clothing. I certainly have lost faith in the honesty of the management, and will be selling at least half and most likely all of my full position. I have been an investor in this for about 5 years. Such a shame.