TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Apr 09, 2024 4:36pm
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Post# 35979913
RE:BPO Prefs
RE:BPO Prefs
Carena stated "With the benefit of hindsight, the short thesis was that the junk rating was coming and the ETFs were going to have to bail. "
100% correct!
And those storms are behind us. I am sticking with our BPO.PR.T and have no intention to sell. The current tax-advantaged yield is in excess of 11% and the current dividend rate is good for the next five years!
Looking around, I see large outfits such as Blackstone investing in office buildings. These guys think long term.
And, yes, life is good!