RE:RE:Port Moody Valuation - $45-50 million?Not sure why. Exerpt from CC:
Unidentified Analyst
Good morning. In light of your discussion of trying to reach the two, two and a half times debt-to-EBITDA ratio, has there been any discussion of rightsizing the dividend in light of the recent share price to more quickly achieve that? And with the complete monetization of the Port Moody assets, what percentage of that do you anticipate going towards that reduction?
John Peller
Well, first, the Port Moody disposition will get us at least half of that, if not a little more. But I don't want to be overly specific around that, but we've had the property appraised at that level. And then there's an inventory level adjustments and other assets, so there's a clear line of sight to hit that target.