As Brennus notes, the article speaks of paying dividends (actually distributions) from capital, when in fact, CODI has $110m of cap gains from which to pay distributions, enough for 2.5 years of distributions just from cap gains.
And I agree. My guess is CAD will cover distributions for Q4. And although Q1 is historically weak, it is not going to take much incremental improvement in the labor market for Staffmark to add significantly to that bottom line.
I also saw that Zacks moved CODI to a "strong sell." Ho hum ...
As to the timing of that elusive acquisition, I'm tired of guessing and being proven wrong. Heck, I couldn't even get the day of Q4's distribution announcement correct!