TSX:AD.DB.A - Post by User
Comment by
Capharnaumon Feb 14, 2023 2:13pm
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Post# 35285734
RE:RE:RE:RE:Big transaction in partnership with Brookfield!!!
RE:RE:RE:RE:Big transaction in partnership with Brookfield!!!I'm not saying it's not a good deal. From how it reads, they would have done a redemption otherwise.
If you look at numbers, AD would have received close to $21M in 2023, which could have gone up to $24M in 5 years, with a redemption value of about $185M (up from current $160M).
Now, prior to the extra revenue they can earn, they'll get $12M plus a management fee (I'm not entirely clear if they get the $$$ in all cases) of $1.5M. They also get $20M now and they have upside since they can convert and have profit share splits.
I like the deal myself, but I can see why the share price hasn't shot up on news.