they have a loan due late 2013, only logical reason i can guess is maybe some are concern about breaching EBIDTA covenants on that loan but cutting the divi on the common saves cash and maintaining distribution( basically divi) on debt portion of OTT security (which also has EBIDTA covenants) should indicate that mgmt and board have things under control, way overdone imo, earnings on may 4th so some clarity is forthcoming.