Re: Preferred distributions announced
I bought GLOG.A shares last April but sold today. The picture for GLOP and hence, GLOG, just isn't that rosy, especially with the future filled with more lockdowns and perhaps a return to declining economic growth. GLOP stated they will need to borrow some to keep the ship afloat over the next 12 months and although GLOP has refinanced its debt, who will lend them more money other than GLOG under the existing credit revolver? That wouldn't bode well for dividends from either entity, separately or in a combined company. Just guessing, really.