TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Nov 20, 2023 10:30am
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Post# 35744217
RE:RE:RE:Redemption of the "T"....... When do we find out if it's
RE:RE:RE:Redemption of the "T"....... When do we find out if it's
" Buying on the open market, now that's different. Why they are not, makes NO SENSE."
We have discussed that before. Brookfield works on OPM (other people's money).
There is no way they would take money from investors (mostly institutions and billionnaires) at $25 and buy it back from them for $12 making their original investors lose money in the process. That does not make sense.
Original investors in those preferred shares knew they were not retractable. They invested to get a dividend, every quarter, adjusted every five years and receiving the benefit of the "Dividend Tax Credit" in Canada. Period. Original investors in the preferred shares did not expect to generate a capital gain.