Parent Capital Corp V.PAR.H

Alternate Symbol(s): V.PAR.UN | PTSRF

Parent Capital Corp. is a Canada-based junior resource company. The Company is engaged in the evaluation, acquisition, exploration and development of international resource properties. The Company is inactive and is engaged in seeking an asset to acquire. The Company does not own any resource properties.

TSXV:PAR.H - Post by User

Parent Capital Corp

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Comment by YieldChaseron Aug 22, 2015 1:25am

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Post# 24042400

RE:RE:RE:RE:Benefit of Rights Offering

Their leverage is too high, 70%+ incl mortgages and debentures which is very very high leverage for a Canadian REIT.

In the ideal world they'd replace the debenture with a 2-3% mortgage as they re-finance assets, but they will likely be unable to. Or they bunker cash, by cutting or even eliminating distributions. Either way, not good for stock price heading below $3 most likely.

As such, buy the debentures, not the stock as you will get an almost 11-12% annual yield which is good enough for me in this low growth world with weak oil and weak stock prices.

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