TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Sep 07, 2023 10:10am
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Post# 35623889
RE:RE:$25/share for Prefers Redemption vs Commons (buyout)
RE:RE:$25/share for Prefers Redemption vs Commons (buyout)Brookfield I believe have in the past redeemed/bought back Prefers.... Probably Prefers with voting rights, just guessing.
As for "irrelevant" to Brookfield, I would assume there's some relevance... If Brookfield wants to rise money/capital from "OPM" by issuing new Prefers.... Who's going to buy them if you can just buy Prefers at "70%" discount ! If Brookfield not going to buy it's own Prefers trading at 70% discount, why anyone invest into NEW Prefers????
All just my opinion/view/thinking/assuming...... Besides, next reset, these prefers most likely going to cost the company a lot. Possible 10% or more off of Par ($25).... that's maybe 20%+ yield current share prices.