TSX:HOT.DB.V - Post by User
Comment by
borne2runon Nov 08, 2023 7:01pm
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Post# 35724904
RE:RE:RE:Distribution gone
RE:RE:RE:Distribution goneAbsolutely right, Lashing. AHIP was garbage before covid. I once owned a few units and escaped unscathed, exiting in the 7s with a small gain. I called out the company for the sh1t show it was (and continues to be).
The converible debenture (HOT.db.V) traded in the 70s today, providing a yield to maturity of 15% per annum. Eliminating the distribution benefits the debenture holders.