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Posted

And yet Q wants them to pay a dividend BEFORE paying down debt....

Love the capitalist system, and I support nearly anyone trying to make a buck for them and their own, but some people don't seem to get it.

Posted

Perhaps Mr. Raynor is well aware of the needs of many of the income investors who had sunk much, or in some cases all, of their retirement savings into FUN units and needed the distribution to survive and/or live at least comfortably. Also, currently, debt can be financed at record low interest rates...for now...IF the borrower has good credit...which Raynor has...

Terp, just sayin'

Posted

Also, currently, debt can be financed at record low interest rates...for now...IF the borrower has good credit...which Raynor has...

Terp, just sayin'

One would assume then that an increased dividend would be the goal to be reached after a refinancing, not before, just to be safe.

I still think he is putting the cart before the horse so to speak...

Posted

It almost certainly wouldn't have been refinanced this last time round absent pressure from Q. And before that, had Mr. Kinzel had his way, Apollo would have walked off with the whole shebang (minus a cougar's helping for the Kinzel family, of course) for a mere $11.50 a unit...

  • 4 months later...

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