TSX:TNT.UN - Post by User
Comment by
pierrelebelon Jan 29, 2024 11:00am
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Post# 35850376
RE:Calculation
RE:Calculation
luscar99 wrote: "... $25 million divided by 15 million shares = $1.66 distribution. That represents a 18.5% yield at today's unit price !"
While your calculations are basically correct, one should NOT expect management to distribute $2 million monthly to unitholders, starting in July.
If things go as well as expected, I expect management to decide to cut unit purchases by half to $1 million a month and use a similar amount for debt reduction.
Unitholders do not need distribution at this time. Let's use 2024 to reduce the number of units and improve the balance sheet through debt reduction.