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.

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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Funding of the distribution?

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Comment by Khersonon Dec 21, 2020 8:06am

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Post# 32151127

RE:RE:Funding of the distribution?

sclarda wrote: Kherson wrote

The scary thing about the 4th Quarter Financials is the fact that all of the distributions paid where from borrowed money. The question now is, are the January and February distributions being funded from distributable cash or from bank borrowings?
For the record, the 4th Quarter Financials were even worse than I had imagined!
Kherson

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Distributable cash for 2019 before the one time litigation reserve was
$1.32 per unit. Distributions were $1.20 per unit. Aprox. 90% payout.

When are you going to be a man and admit you were wrong on the distrubution cut?

Never thats when.