TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon Nov 20, 2023 8:39am
365 Views
Post# 35743938
Redemption of the "T"....... When do we find out if it's
Redemption of the "T"....... When do we find out if it'sgoing to happen or not?
Too bad it isn't the C's that are reseting instead of the T's...... I think the company would redeem the C's if they were to reset next month, that would send all the other prefers up and send the shorts scrambling.
I don't think the company will redeem the T's. But you never know. As I understand, they call the prefers "perpetual capital"..... so redeeming unlikely.
But, Buying on the open market for investment (not cancelling) still qualifiies as "perpetual capital" since it can be sold back to the market.
It make no sense for the company not to buy in the open market.
All just my opinion/view/thinking/wondering