TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon May 31, 2024 3:18pm
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Post# 36066804
Why the C's traded above par for several years?
Why the C's traded above par for several years?1) Like now, no one believes Brookfield will redeem.
2) Crazy yield
But, Ya, you have the threat of redemption so that puts pressure on how far above par shares can go.
In a short squeeze on ill-liquid shares that have been called in for redemption....how far above par they will go???? Don't know. On one hand they are being redeemed for only $25. On the other hand you have a large short outstanding balance that must be bought back in a given time frame.
Who know what the share price will do?