RE:RE:RE:April distribution?navgod wrote: So everybody here thinks it is ok to pay out "dividends/return of capital" when the Nav for capital shares is at or below ZERO. This is coming directly out of the pockets of Pref shareholders. Can't wait to sue Strathbridges's a## off!
As a Pref shareholder your distributions are CUMULATIVE so you have nothing to complain about. If A shares get paid, you will also be paid because your distributions are PREFERRED. If you don't get distributions, the amount owed to you will ACCUMULATE and when distributions resume, you will get first crack at the money INCLUDING amounts that were skipped in any previous quarters.
What's so hard to understand about CUMULATIVE PREFERENCE shares?