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Gold/Mining/Energy : transcanada pipelines (TRP) -- Ignore unavailable to you. Want to Upgrade?


To: Digital-Fluid.com who wrote (207)12/3/1999 4:36:00 PM
From: re3  Respond to of 292
 
i'm not surprised...

every time people reach too much for yield they get their arm bit off...



To: Digital-Fluid.com who wrote (207)12/3/1999 9:29:00 PM
From: HubTech  Read Replies (1) | Respond to of 292
 
You were singing a different tune on October 26.

Message 11708733



To: Digital-Fluid.com who wrote (207)12/8/1999 9:17:00 AM
From: Digital-Fluid.com  Respond to of 292
 
Dividends cut to $0.20!

TRP is in a crisis to survive. They just announced a major restructuring this morning, and it is even worse than I thought:

- Reduced dividends by 29% from C$1.12 to C$0.80. Quarterly dividends will only be C$0.20
- TRP will eliminate the 5% discount provision of the dividend re-investment plan that had previously attracted widows, orhphans and other retail investors
- TRP will take a charge against earnings in its fourth quarter of around C$700 million.