Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Lee Cooperman with Omega Advisors. Please proceed.
Lee Cooperman – Omega Advisors
Sure, thank you. I apologize; I missed part of the call because I hit the wrong button and got disconnected. So some of these questions you may have addressed so I do apologize if I ask something that is redundant. You mentioned the three potential asset sales. I was wondering – let me just state all the questions and then you can go however you want. Just whether you have a timetable a likely timetable for conclusion of those and do you feel comfortable if executed that this would remove any risk of covenant breach over the remainder of the year, not just in the March quarter.
Then secondly, you did a financing, APL sold some securities to AHD which we had some issues with. I was wondering of that transaction has been rescinded or will be rescinded.
And then thirdly, you set the dividend in the most recent quarter at $0.38 which is well below what you reported the way of earnings, at a level you thought you could sustain or this is just a one quarter at a time development that we would have to wait and see. How do you arrive at the $0.38 and is that something that you think is sustainable to grow from or who knows; those three questions.
Eugene Dubay
Let me try to address them in the order that you asked them. And thank you. With regard to the asset sale, we would anticipate that they come together in the next few weeks. Again, we mentioned with regard to Ozark that we may have Hart-Scott-Rodino filing, so say it comes together in the next few weeks and we would have an announcement that the transactions versus the same agreements have been entered into and then with regard to Ozark, we had some time following that.
With regard to covenants, we are confident that with the asset sales we are talking about that we will be in good shape with our covenants. Again, when I say we are in good shape, and Matt so eloquently alluded to earlier, this is really a dynamic market. So we are proceeding with the expectation that we are in good shape with our covenants with these transactions. I actually missed your third question with regard to the –
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