RE:RE:RE:RE:Reality Check on TorstarThe calculation is based on the assumption the full dividend is paid in Q2 2021 to maintain the A shares as the only voting shares.
I will take you through this slowly:
Dividend of $.15 paid in Q2 2021/$.60 share acquisition price today /2 years = 12.5%
I use 2 years because that's the 8 quarters required to tag-up on the dividend requirement. It may not happen, but I am betting the Voting Trust is not going to go quietly into the night.
The valuation of the assets is based on my assessment of what an investor might pay for each of the assets. Valuations are not a precise science and subject to lots of variables. These are noteworthy and valuable assets with an aggregate value that far exceeds $48 million.
For instance, I have no precise idea of what someone would pay to acquire the Toronto Star Newspaper Limited. It hasn't been tested in the market. Vanity owners might pay a crazy price for it or it might go radioactive and attract a lower price than I have estimated.
All the other assets represent my estimate of what they might go for in an auction, so if you are looking for an elaborate spreadsheet you've come to the wrong source. MW