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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 > Distributions?
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Comment by sclardaon Mar 02, 2021 7:58pm
203 Views
Post# 32701573

RE:Distributions?

RE:Distributions?Kherplunk wrote

Those of you who are holding this or who are thinking of buying should ask the simple question, is the distribution sustainable?
For the third quarter, Chemtrade recorded adjusted EBITDA of $64 million, yet they had to draw almost a million dollars from their lines of Credit to pay the distribution. So if the adjusted EBITDA for the 4th Quarter is about $20 million less than the 3rd Quarter, how much money will Chemtrade have to draw from their lines of Credit to pay the distribution? 
The Distribution is simply not sustainable!
Kherson

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