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 DanGood38on May 23, 2024 10:39am

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Post# 36053916

RE:RE:RE:RE:Conversion of debentures to common

I'm just saying the $4.3 million in interest savings is amplified on a $575 million dollar company versus a $750 company. The debenture will not necessarily be converted (at least not 100%) as I am sure some bond holders want bonds. And yes the shares I agree are being held artificially low because of the threat of dilution. It is my #1 holding in my corporate account. Why get dividends on EL Preferred at 6% when ALC doubles their dividend every 5 years or so?

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