Do all these law firms investigating the merger have anything to go on? Could shareholders get a better deal or be better off rejecting the merger?
People need to learn about finance. All it matters here is the cash flow. Whether it is growing or declining. The rest is just use of the cash flow. If cash flow is not declining then the statement is positive. I don't care if they cut the dividend as long as they use the cash for growth so I get my return via share appreciation in the long term . If it is cheaper for them to fund growth using the dividend money instead of borrowing than it makes sense to cut it.
The biggest risk on these is if the company decides to suspend the dividend. But, that is unlikely to happen now since they continued to pay during 2008. At $20, the yield is almost 10% and you get 25% capital gain if the company calls the shares:
RAIT Investment Trust, 7.75% Series A Cumulative Redeemable Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/19/2009 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7.75% ($1.9375) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date which is the first calendar day of the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.
I guess we will have to wait and see and now there will be additional fees.
Anyone can tell what will happend if you cancel the ADRs? I hold the ADRs in TDAmeritrade. It says something that the holder will receive ordinary shares. Does that mean I will receive shares traded on NZ exchange?
Management has been promising and not delivering the financials for a long time. What makes you think they are actually going to deliver this time? Also, why would they close the shop if they know they can still milk this at the expense of the investors.
I agree with those 2 points. I think the greatest outcome of the call was that there were shareholders who expressed their frustration with the management and the board. It looked like management paid attention and hopefully they will do what is best for the shareholders instead of just filling their packets.
Yep, people know that. What is writing to CEO going to do? The public partners have limited powers. Any suggestions? You can't vote for the board of directors like you would in a publicly traded company.
Maybe in theory it is not, but if you look at the price chart since inception, it just goes down and down. The dividend is nice but it is not worth it if the price just keeps going down.
It is hard to tell who is the smart one. It could be that the seller had to sell and was willing to take anything. Since this was a small amount, it could be the case. If the big holders were selling for 10c on the dollar, that would not be good.