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Brookfield Property Partners L.P. BPY

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.


NDAQ:BPY - Post by User

Post by Karl63on May 18, 2021 3:29pm
427 Views
Post# 33223548

Can someone explain how the proration will work

Can someone explain how the proration will workI understand from Brookfield that an election for one of the three exchange options has now yet been made by investors.   Bam.a currently is Cdn. $59.58 and Bpy.un is 22.26.  Stating the obvious, .4 of Bam.a is 23.83, making it appear worthwhile to purchase Bpy.un at current prices and exchange for a more valuable Bam.a.  So, of course, I'm missing something here.  If prices remain unbalanced like this, I presume everyone would opt for the .4 Bam exchange.  If everyone does that, then is this where the proration kicks in?  Would they change your option by giving you a split of all 3 options?
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