CHE.UN-declares a cash distribution of $0.10 per unit for the month of June 2012
They have maintained their dividend, but distributable cash/unit is way down. Is anyone else concerned they will cut the divvy?
From the Q1 Report
"Distributable cash after maintenance capital expenditures for the first quarter was $24.3 million, or $0.58 per unit (2011: $24.4 million, or $0.80 per unit), generated from revenue of $227.9 million (2011: $169.6 million)."
Chemtrade Logistics Income Fund Declares June Distribution
Press Release: Chemtrade Logistics Income Fund – 3 hours ago
TORONTO , June 20, 2012 /CNW/ - Chemtrade Logistics Income Fund (CHE-UN.TO) today announced that it has declared a cash distribution of $0.10 per unit for the month of June 2012 payable on July 31, 2012 to unitholders of record at the close of business on June 29, 2012 .
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.