Bam now determines the value of Bpy via the .3979 metric .The value of Bpy now ( 17.74 us$ ) will now be determined by the trading value of Bam ( $44.75 closing value in US $ on Thursday ) until the shares are taken private by the date yet to be finalized months from now .
$44.75 x .3976 ( the exchange metric issued by management ) = $17.80 ( actually closed at 17.74 on Thursday )
The exchange metric can also be applied to the Cdn dollar value of Bam .
The only way to participate in the future value of Bpy is to continue to own Bam . I am sure mgt. may bring it back to the market as an IPO and realize it's true value at a time when they deem the maximum value can be obtained .
Remember that Bpy came out of Bam originally as a spin out to the then current investors . I believe this could happen again . History repeating itself ......
Thanks for listening . I hope this provides a dialogue whereby we all benefit as long term investors of Bam .
Ted