Brookfield Office Properties Inc T.BPO.PR.A

RE:Boring........is good.

[Carena]

Hi Wynner,

Firstly, what you have laid out here is funny but also a very interesting observation.   I am sure institutional traders have all kinds of ways to stalk the market (you give the example of the BPO pref NCIB) to line their personal pockets.  

Last fall, we on this board saw traders (institutional or otherwise) seriously shorting BPO illiquid stocks with like 14% dividend yields and no one had any real expectation that a BPO or BPY were ever going bankrupt or even suspending a dividend.  The short thesis was that they could find the shares to short and drive prices down and screw the ETFs such as CPD.  

I am with you, I hold and take the divi too, but I relish the other side of these types of trades when these situations arise.

Have a great day,
Carena