Algoma Central Corp T.ALC

Alternate Symbol(s): AGMJF

Industrials

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.

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Algoma Central Corp > Conversion of debentures to common

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Comment by Thor16on May 22, 2024 5:35pm

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Post# 36052878

RE:RE:RE:Conversion of debentures to common

I appreciate your comments however I am not following the math. ALC's dividend yield is higher than it's debt payment and the dilution cost alone is expensive without getting into the numbers.

At least it pushes down the price for anyone wanting to accumulate additional shares.

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