Brookfield Office Properties Inc T.BPO.PR.A

Alternate Symbol(s): BRPPF | BOPPF | T.BPO.PR.C | BKAAF | T.BPO.PR.N | BRKFF | T.BPO.PR.P | BROAF | T.BPO.PR.R | T.BPO.PR.T | T.BPS.PR.U | T.BPO.PR.W | T.BPO.PR.Y | T.BPO.PR.X | BKEEF | T.BPO.PR.E | BROPF | T.BPO.PR.G | BKOFF | T.BPO.PR.I

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.

TSX:BPO.PR.A - Post by User

Brookfield Office Properties Inc > HUGE increases in Short Positions

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Comment by Carenaon Jan 08, 2024 7:12pm

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Post# 35816610

RE:RE:RE:RE:RE:RE:RE:HUGE increases in Short Positions

Hi DJ,

I am of the belief that the BPY prefs are the best proxy for BPY trading sentiment as the BPO prefs are generally much less liquid. But the BPO prefs are buried much deeper in the structure.

I am of the conviction that Brookfield knows how to fix things and they will fix BPY. But it is going to be rocky and the Junk rating in December was a huge disappointment and has left me less convicted.

I am of the conviction that BN would view the BPO prefs as part of their permanent capital base. We should all remember that BPY didn't guarantee anything for the DTLA pref shares (that have gone to zero) but the BPO prefs have the guarantee of BPY. That is, I believe the BPO prefs are as good as any of the BPY prefs. Ironic that this BPO pref spiral all started with the DTLA prefs last February.

Have a great night,
Carena

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