GREY:CRIUF - Post by User
Post by
Divyon Jan 16, 2019 5:08pm
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Post# 29242224
it's a 25% cut for 2019 plain and simple!
it's a 25% cut for 2019 plain and simple!
The distribution we just got for January is the last one for Q4 2018. That doesn't count for Q1 2019. The distribution they will pay in June is basically the one for 2019 Q2 (even if they play on words and seems like it is for Q1) Basically we are skipping payment for the 1st quarter. They seem also to imply that 2020 will be back to the 2018 distribution level (with this time 4 quarterly payments instead of 3 (2019)) but that's too far away to tell if distribution will be cut by then... So they screw up shareholder with a 25% cut and try to hide it as best as they can. If (a big IF) they can really can maintain it after 2019 I guess it's not the end of the world and SP should go back up but in the meantime we can say distribution is suspended for a quarter and we have a lot of uncertainty going forward...