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Crosstex Energy, Komandit Şirket Message Board

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  • ross.john51 ross.john51 Jan 14, 2010 2:50 PM Flag

    Some distribution math on the deal

    Given that XTEX is going to have to pay .85 per year on the preferred regardless, if XTEX paid the common unit holders $1.00/share dividends, wouldn't the additional cost over and above what XTEX owes to the preferred holders would only amount to .15 additional to the preferred holders? If that is the case the additional expense to XTEX if they start paying $1.00 share to common unit holders, would mean that only be $2.24MM additional would have to be paid to the preferred holders provided that the common unit holders do get a div restoration of $1.00???