In anticipation of the receipt of RTB proceeds, we elected to reduce our debt by repurchasing a like amount of our high cost senior notes using excess cash on hand. The notes repurchased will reduce ACS' gross cash interest expense by approximately 790,000 per annum, more than offsetting the expected loss of approximately 500,000 in annual dividends we have historically received from our investment in Class C RTB stock.
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Based on Keywords: acs, annum, offsetting, receipt, repurchased, rtbI'm really keen to go back and do some theatre, but I can't afford to at the moment because we're getting married in September. And then I'm hoping to direct a film at the end of this year, and that means a year of your life without pay.
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Observe all men, thyself most.
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