TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Nov 20, 2023 9:59am
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Post# 35744133
RE:Redemption of the "T"....... When do we find out if it's
RE:Redemption of the "T"....... When do we find out if it's"When do we find out if it's going to happen or not? "
It will not.
There are 10,000,000 BPO.PR.T shares outstanding. They reset at the end of next next week and will cost them about 7% starting with the dividend payable at the end of March 2024.
Why would they spend $250,000,000.00 to redeem shares priced by the market at less than half that amount?
It simply makes no sense whatsoever.
As a BPO.PR.T and BPO.PR.A shareholder I certainly do not expect the preferred shares to be redeemed at any time in the foreseable future. It makes no sense from the company's perspective.