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What is a Dividend Recap?

Private Equity Funcast

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How to Reduce Debt Preference Faster Than You Can Reduce Preferred Equity

When the LP gets their check back, some of that is their paid preference on their 25 million for the two years that it took us to get to this point. So in some ways setting the clock again, which is important, setting the clock. Now you don't have the same amount of your paying off that preferred coupon. You're resetting the clock. It's on now on a lower number.

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