RE:Dividends... Penny,
The exact terms and conditions are contained in the MD&A or in the Annual Report. Torstar must make dividend payments totaling $.15 over 8 consecutive quarters to prevent the conversion of B shares into voting shares.
Therefore by Q3 2021 either they pay approximately $12 million in dividends or they open the doors to Fairfax and other responsible shareholders taking control of the company.
So buying the shares today at $.43 or thereabouts should be a prudent investment. In either of the above scenarios it makes financial sense even with the Keystone Kops in charge for 7 more quarters.
MW