Your info on when Exboss got his identity is
First off, you put that he got his identity on 6-18-88
instead of 6-18-99 (just a typo I'm sure). However, the
date of the "Last Update" on a person's identity only
means that the info on the identity was last updated on
that date, not when the identity was actually created.
Of course, it's entirely possible that Exboss did,
in fact, create the identity on 6-18-99. However,
one cannot say that for sure based just on the Last
I'm sure that your post was to give
the impression that Exboss had just arrived on the
scene and that because of that, his credibility may be
questionable. But again, we don't know the actual date that
Exboss did create the identity.
Any issuance of stock to pay the dividend is
permanently dilutive, which is why debt is being used instead
to fund the dividend. Debt can be retired,
refinanced, etc. In a REIT format, equity is difficult to
permanently redeem. By the way, even if you choose the drip
plan for your cash dividend, you'll have to pay
current taxes (on both the special and regular dividend,
for that matter).
I believe that if the dividend was in the form of
an interest bearing preferred stock it would meet
REIT requirements. This could be registered and traded
separately from the common. It might also permit tax
dererral of the dividend but I'm not sure of that - need a
tax knowledgable poster to clarify that part of it.
One thing for sure - it would save cash and permit
This would not satisfy the REIT payout
requirement. Stock dividends dilute the equirty of a stock in
an amount equal to the amount they give you, so they
do not really return any earnings to you as the tax
law requires. They are closer to stock splits in
actual effect than to any kind of real
Best - - - ST
This is my first post and I'm not too sure about
what I'm doing. I have learned a lot since I started
reading these posts a couple months ago.
be the consequences if the year-end dividends were
paid in stock instead of cash?
Would you e-mail me...email@example.com
please if you hear any material change. Thanks a bunch
for your help.
Still seems to be a decent
bidder for the stock.....still larger sellers though
Lehman plans to syndicate the loan in the latter
half of July. As always, structure and loan pricing
will be critical. I think it has a good chance of
getting done but not at the Libor + 3% pricing that was
originally discussed. More like L + 3.75% if I had to hazard