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Ventas, Inc. Message Board

  • dorn33417 dorn33417 Dec 5, 2000 1:20 PM Flag

    What about fine?

    The plan calls for VTR to pay most of the fine to
    the Dept of Justice. These are big numbers, and they
    will impact VTR's ability to pay huge dividends. The
    cash to pay these fines will come at a price, probably
    a price set by VTR's lenders. I am not a VTR
    seller, but the crazy numbers I have seen about payout
    are, at this time, whiffle dust. The Vencor stock that
    VTR gets is another matter. Maybe they will give it
    to us as a dividend!

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    • VTR will pay $34,000,000 to govt once settled and the remaining $70,000,000 will be paid over 5 years at 6% interest rate.

    • the fine is part of the dividend equation.vtr has
      90 million on hand and will add about 12 million
      this quarter.the vc stock they get will be worth 50
      million assuming the cap of vc will be the 500 million
      which seems to be assumed by the the end of
      the year they will have cash and equillevents of 152
      million dollars and will pay the gov 32 million and the
      2000 dividend of 28 million which leaves them 90
      million to pay down debt etc going forward.the balance of
      the gov fine should be offset by the reduction of
      administrative cost after the reorganization.if they have ffo in
      2001 of 1.15 that translats into 78 million more out
      of which they can pay dedt and 2001 dividends.when
      they pay down additional debt of 100 million they can
      pay 80% of ffo in then the ffo should be
      1.30 @ share so the dividend could be .26 @ quarter
      going forward.

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