TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon May 21, 2023 7:45am
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Post# 35458275
RE:RE:RE:Quarterly report issued by BN ...
RE:RE:RE:Quarterly report issued by BN ...This is my current understanding, I'm probably wrong:
BPY (partnership and related entities) are the guarantors. But, as I understand BPY was bought out and I'm guessing all assets now belong to someone else, but just like BPO, the company still exist, most likely only because of the BPO prefers. So effectively, BPY has wound up it's operation....I think BAM has taken over operations and BN owns the assets now????
Brookfield Property Finance ULC and Brookfield Property Preferred I don't are the Guarantors, BPY is/was I believe.
I'm guessing BPY is still the Guarantor, but I'm guessing BPY has been hollowed out. Right? BN owns the assets now and BAM manages them.
So what does BPY do now? Why do they exist?
All just my current understanding, most likely I'm wrong, and my assumptions/claims/guesses are wrong..... But I'm guessing even the experts don't have a clue.