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 > January 28th, 2020 Business Update

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Comment by Khersonon Jan 14, 2021 10:31pm

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Post# 32303669

RE:RE:January 28th, 2020 Business Update

GregC24 wrote:

Kherson wrote: For those of you who still believe that the present distribution will be maintained, allow me to let you in on a little secret. Chemtrade has already announced that they will no longer be supporting the present distribution!
If you look at previous Business Updates, they all state the following under the 4 Pronged Strategy section;
Financial Prudence: Maintains distributions and balance sheet strength
But in the most recent Business Update, the 4 Pronged Strategy section now states the following;
Financial Prudence: Maintain financial flexibility and balance sheet strength with sound capital management
Kherson

Thanks for that tidbit. Definitely a change in the message.

The above posts where made on February 18th and less than a month later, the distribution was cut in half.
Now, yet again, the message has changed!
Kherson

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