Replies to post #113 on Washington Prime Group Inc. (fka WPGGQ)

[jziggyp]

In terms of the dividend reset, the Company intends to pay a quarterly dividend of $0.0625 for common shares and operating partnership units throughout the remainder of the year with a potential true up (in either direction) as part of the fourth quarter 2020 dividend payment in order to address the Company’s REIT taxable income distribution requirements. This compares to a quarterly dividend of $0.125 for the first quarter of 2020 and should result in additional cash savings of approximately $40 million for the remainder of the year and over $150 million compared to the Company’s cumulative dividend payments in 2019, exclusive of any aforementioned true up.

[fsshon]

It's time for a real rebound. The 10Q is not as bad as some others in the REIT sphere.
Shareholder equity is above PPS.
Go Figure
Cheers