Brookfield Office Properties Inc T.BPO.PR.P

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

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Brookfield Office Properties Inc > I own a lot of one bank...

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Comment by Carenaon Jun 11, 2024 9:50pm

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Post# 36083948

RE:I own a lot of one bank...

Hi Sonoffergus,

Big congrats on your big win! Almost 100% premium....a great signal for the downtrodden Cdn stock market. It is also great to see some bank M&A in Canada. I have followed CWB for years and always wondered.

As for the prefs, I read the press release just now and since the prefs are not mentioned, it would seem they are going to be left in place. I expect they will trade in line with NB prefs (relative to their specific terms of course). I would assume their spreads are higher than NB and I guess redemption is a possibility at some point. I would add that NB is going to the market to raise equity, the redemption of any prefs will not be a priority in the short term, IMO.

Have a great night
Carena

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