TSX:HOT.DB.V - Post by User
Comment by
flamingogoldon Sep 15, 2023 2:07pm
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Post# 35638730
RE:RE:RE:RE:RE:RE:RE:RE:RE:Distribution announced
RE:RE:RE:RE:RE:RE:RE:RE:RE:Distribution announcedWe cannot rule out the possibility of the banks temporarily extending the amortization to lower the sudden financial impact/distress to the business caused by the rapid rate increases of the last 18 months.
Banks are currently implementing this for consumers so they do not default on their mortgages. Post covid has created an usual environment so I would not rule out any unique measures.
Konaboy wrote: How much do you think their interest costs will rise?
Just throwing out say a 2% boost in the $272 million due in 2024 only boosts annual interest by about $5 million, or $1.25MM per quarter ... this (alone) does not look like that much of a hit.