I'm a bit disappointed as the acquisition last month was supposed to be: "immediately accretive to Distributable Cash Flow". I guess immediately means Not Today. Makes you wonder why they pushed back the div date into Feb?
This distribution is for Q4 2012 (ie. Sep-Dec). So how would any acquisition last month have impacted that?
As for 'pushing back' the distribution date, the payable date is Feb 15th, last quarter it was Nov 9th. I fail to see what is the problem with being 6 days later?
Seems your thinking is rather muddled.
I assume "immediately accretive means the present and going forward. The acquisition didn't occur until the end of last quarter. So, I wouldn't assume the acquisition would affect last quarter's DCF.
I was hoping for an increase, too, but I'm more relieved that they didn't do the unthinkable and slash the distribution.
(Reuters) - The Pentagon plans to assign significantly more personnel in coming years to counter increasing threats against U.S. government computer networks and conduct offensive operations against foreign foes, a U.S. defense official said on Sunday.
The plan, which would increase both military and civilian staffing at U.S. Cyber Command, comes as the Pentagon moves toward elevating the new command and putting it on the same level as the major combatant commands.
The official said no formal decisions had been made on the expanding staffing levels or changing Cyber Command into a "unified" command like U.S. Strategic Command, which currently oversees cyber command and the U.S. nuclear weapons arsenal.
Any changes to the combatant command structure would be made based on strategic and operational needs, and take into account the need for efficient use of taxpayer dollars, said the official, who was not authorized to speak publicly.
The Pentagon was working closely with U.S. Cyber Command and the major military commands to develop "the optimum force structure for successfully operating in cyberspace," the official said.
The Washington Post, quoting senior defense officials, reported late Sunday that the Pentagon had decided to expand Cyber Command's current staffing level of 900 to 4,900 in coming years.
The official confirmed that Cyber Command planned to expand its force significantly, but said the specific numbers cited by the Post were "pre-decisional."
The newspaper said senior Pentagon officials had agreed to increase the force late last year amid a string of attacks, including one that wiped out more than 30,000 computers at a Saudi Arabian state oil company. it said
The plan calls for creating three types of force under the Cyber Command, said the defense official.
"National mission forces," would protect computer systems that undergird electrical grids and other kinds of infrastructure. "Combat mission forces," would help commanders abroad execute attacks or other offensive operations, while "cyber protection forces," would focus on protecting the Defense Department's own systems.
Details were still being worked out, the official said.
Actually I am not worried about the distribution, it's payable date is in line. I'm just hoping the coverage ratio is at least 1.2. We will see. I have 1000 shares so am maxed out on this MLP, but would buy otherwise.
The word accreative is very interesting. This distribution is supposed to relect last quarter 2012. But most companies project what their DCF and coverage will be. Truthfully only KMP I believe. You have really to hear the company guidance for year % wise to see if distributions increase.
I hear you, but at last conference call it was stated going forward(used too much maybe) the coverage was projected at 1.1 to 1.2 and that was last quarter's projection.