TSX:AD.DB.A - Post by User
Comment by
HermannHalleron Oct 03, 2022 9:10am
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Post# 35001154
RE:RE:FNC Title Services paid out
RE:RE:FNC Title Services paid outI think they look at the payout ratio on an ongoing basis to determine the distribution, not on one-time cash receipts like this. Their previous guidance was for a payout ratio of 60-65%, now in this press release they are saying 65-70%. This makes sense as FNC was about 4% of the portfolio.
With a payout of 65-70%, they could increase the distribution significantly if they wanted to.