Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures

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Comment by Khersonon Jul 13, 2020 2:06pm

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Post# 31261461

RE:Distribution Confirmed + DRIP = NR

Now this is a head scratcher? What are they planning on doing with the additional capital, if there is actually any?
Looks to me like Chemtrade is trying to build up funds to support the unit price! More bad news on the way?
But what is sad and I have pointed out these inconsistencies with Chemtrade before, the fools writing up these documents and News Releases do not know how to proof-read! Mark, it is about time that you cleaned house my boy! Truly professional organizations have at least one person on staff who can actually read!
In the NR, the Bonus Distribution is declared @ 3%, whereas in the actual DRIP document, the Bonus Distribution is declared to be 5%!
1)Units purchased for participants under the Plan will be newly issued by Chemtrade from treasury or will be existing Units purchased on the open market through the facilities of a stock exchange.
News Release -
In addition, with each distribution reinvestment, participants will receive a “bonus” distribution (“Bonus”) of Units equal to 3% of the amount of the cash distribution reinvested pursuant to the Plan.
Drip Plan document -
With each distribution reinvestment, Participants may receive a “bonus” distribution equal to up to 5% of the amount of the cash distribution reinvested pursuant to the Plan (any such bonus distribution, the “Applicable Bonus”), which will be reinvested in additional Units at a price determined in the manner described below in the Plan.
Kherson

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