DHT Holdings Inc (DHT)

[Toofuzzy]

Am I correct that after February 1 each original preferred share will yield 8% of the original $140 or $11.20 / share. (from page S-45 of OCT 3 2011 prospectus )

That each preferred share will be converted to 17 common shares eventually.

$11.20 / 17 = $.6588 / common share

$.6588 / $4.45 (current stock price) = 14.8% yield till forced to convert.

any comments?

When can we be forced to convert?

Toofuzzy