RE:RE:RE:Various thoughtsA gentle reminder as to why the dividend will continue to be paid until it can't be paid from Torstar's AIF:
"The holders of the Class B non-voting shares are generally not entitled to vote at any meeting of the shareholders of the Corporation; provided that, if at any time the Corporation has failed to pay the full quarterly preferential dividend on Class B non-voting shares in each of eight consecutive quarters, then and until the Corporation has paid full quarterly preferential dividends (7.5 cents per annum) on the Class B non-voting shares for eight consecutive quarters,the holders of the Class B non-voting shares are entitled to vote at all meetings of the shareholders at which directors are to be elected on the basis of one vote for each Class B non-voting share held."
If they don't pay the dividend the non-voting shares become voting shares and the Voting Trust is out on its ears.