BPY Returns - 2021(i) Closing Share Price on Dec 31, 2020 - US$14.20
(ii) Closing Share Price on Jan 4, 2021 - US$16.70, a return of 18% on the first trading day of 2021 after announced take private proposal
(iii) Dividend of US$0.33 cents paid on March 31, 2021 - 2.3% cash return
(iv) Definitive Agreement announced on April 1, 2021 - offer increased to US$18.17, an additional return of 10%
(v) Closing Share Price on May 28, 2021 - US$18.79, an additional return of 4.4%
Total Return for the first 5 months of 2021 - 35% !
No question this stock has underperformed since 2018 and of course it was better to have owned BAM, nonetheless, BAM has done a great job for us loyal unitholders in 2021.
I have been selling down my position this stock and will soon be out of it, so good luck to you all!
Vette