EXPM:EGRGF - Post by User
Comment by
philippechampyon Jun 08, 2016 4:52pm
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Post# 24948123
RE:RE:RE:RE:Dear fellow shareholders
RE:RE:RE:RE:Dear fellow shareholdersI thought you were a member of the management but what you say is too approximate... Please, look at annual report 2014, page 2, about a NCIB plan for 2015. And about distribution, you say an income trust is required to pay out all its net income. No, it is required to pay at last 90% of net cash flow. The problem is they paid in 2014 around 100% of FFO, letting no room for capex. One more : they decided to buy assets in a hurry at the end of 2014 (Dixonville). Result one year later : a 40% impairment !