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 SONOFFERGUSon Jun 12, 2024 12:09am

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Post# 36084068

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

Thanks Corena!

Tomorrow's price action will be interesting. I don't see any problem with the deal getting done, so I expect that the CS discount to execution value will be pretty small. Wrong before in this situation tho lol.

Off the top, NB's goal will be to wind up WMB once the acquisition is complete -- I imagine having capital stuck in a subsidiary is not optimal. So, phase 1 is to get the aquisition done (in 2025, it appears). Phase 2 is to clean up the structure, which will entail making an offer to the pref holders. They just reset, so we're holding the cards and I would expect an offer over par to get rid of us. Closed at $21.55, so big green day tomorrow!

Do you see it differently?

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