I actually see Parq as an existential threat to DC. If they continue, cash calls like we have seen the past few quarters could quickly deplete all of DC's liquid equity (assumes DPM is not to be sold due to upside) and then force the firesale of DC's less liquid assets. This issue is compounded by the looming Pfd-E redemptions. Options at this point include: sale to or partner with another company with cash to invest and/or sell Parq to preserve any existing value, and/or convert Pfd-E to common @ $2 (an easy win, but requires acceptance that DC is no longer what it was and $2 is a ceiling price for the shares over short to mid term until this mess of z-grade companies can be sold). While an option, I do not see suspension of the Pfd Series 2,3 dividends as helpful toward a LT solution. Why? DC's credit profile would weaken considerably, making future capital raises more difficult and expensive, DC is trying to get back into resource focused money management business and how you treat OPM (incl. your Pfd shareholders) matters, and the benefit is illusory as DC's problems are structural and require decisive (and fast) structural changes as opposed to short term relief that does not address the core issues.
Other options: (i) Rights offering for common and Pfd shareholders ... cash goes up, cap structure stays same, no dilution; (ii) Goodmans offer to give up dual class structure ... DC shares take off upwards ... benefitting all, including Goodmans ... and raise more common, (iii) any others?