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FP Newspapers Inc V.FP

Alternate Symbol(s):  FPNUF

FP Newspapers Inc. is a Canada-based company, which owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers Limited Partnership (FPLP). FPLP owns and operates the Winnipeg Free Press, along with several other Manitoba based news and media publications that are available in both print and digital formats. The informative and engaging content it produces has a reach throughout the province of Manitoba.


TSXV:FP - Post by User

Comment by Banachequeon May 15, 2022 2:34pm
143 Views
Post# 34685001

RE:RE:RE:Distribution to Partners...

RE:RE:RE:Distribution to Partners...A number of tax related parameters will have impacted that number over the past few years,

Our debt has gone down. This is good, but interest payable is no longer a tax deduction. There has been a capital sale of the building which will have a tax implication. Biggest of all, the cews subsidy was a very large chunk of money received over the past few years that will have tax payable.

I don't see any insidious dealings to worry about at the moment.

I'm trying to be patient, but yeah, it would be nice to see some return. Until bill C-18 is enacted to give everyone clarity, I will remain patient. Seems like fall, maybe as late as next spring.
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