To screen ETFs by asset class, performance, yield and more, check out the
Author Following Options:
Follow this author
See their articles on your Seeking Alpha homepage and in your feed.
Real-time alerts on this author
Get their new articles emailed to you as they are published.
Daily digest on all my authors
Get all your favorite authors’ new articles emailed to you in one daily digest.
View Monty Spivak's Comments
Atlantic Power: A Tale Of Misinformation
Unfortunately, I am long AT. I had also believed management's statements that they would protect the dividend; AT has historically managed to a high payout ratio, so I complacently sat back to collect dividends.
I can help respond to a few comments from those who have a litigious orientation. The governance of securities on the Toronto Stock Exchange falls under the Ontario Securities Commission (OSC). Unlike the US and many other jurisdictions, security regulation in Canada is a provincial mandate (the equivalent of each US state regulating their constituent securities). Therefore, Atlantic Power (note that it trades under TSX:ATP, and not AT) is regulated by Ontario.
If you choose to appeal to the Canadian regulator, you must contact the OSC. That said, there have been a few news items which propose that the OSC has very-weak enforcement relative to the SEC. This is not to discourage you - here is a link to contact the OSC - complete with complaint forms, telephone numbers, etc..
I am personally not inclined to seek legal recourse, but suggest that American shareholders would find a more supportive environment in the American legal system or through the SEC.
Mar 4 07:59 PM
Link to Comment
More on AT by Monty Spivak
Xignite quote data
© 2014 Seeking Alpha