Brookfield Office Properties Inc T.BPO.PR.P

I own a lot of one bank...

[SONOFFERGUS]

C
W
B.

I also hold a whack of CWB.PR.B, which I was lucky enough to pick up late last year and held because I couldn't figure why it had a lower YTW than that of CWB.PR.D -- which is priced at a premium to par because of its giant fixed spread and assumed call in 5 years.  Those of you who read Prefblog will note that James likes prefs with somewhat lower fixed spreads to reduce call risk, and that makes sense to me.

I kept on buying through some turbulence thanks to Pierre -- his astute observation that some in the market are late to the news of a rate reset has paid off handsomely.  Thanks Pierre!

The press release doesn't say anything about plans for CWB's prefs.  Bringing my yippee post back to BPO, I'll be interested to see what they plan to do with the CWB prefs.  Hopefully we have the same problem to deal with someday soon.