Brookfield Office Properties Inc T.BPO.PR.A

Tax Changes and Dividends and BPO.PR.E

[SONOFFERGUS]

Pierre may have hit on this before, but I note with interest that changes to alternative minimum tax are effective this year.

AMT minimum moves way, way up from $40k to $173k.  This creates more room to earn dividends without paying tax -- from $55k to &72k.

IMHO, this change will be broadly positive for BPO and other high-yielding stocks over time.  It will of course take a bit for the change to be absorbed by investors, but I think this an issue that benefits a lot more retail investors than are harmed by the cap gains rate change. 

On BPO, the Es are stupid cheap versus every other series.  Are shorts going series by series or does someone at TD need to get out of the Es EOD tomorrow because of tax change?  Hmmm. 

Anyone who is looking to buy should be all over the $12.70 ask.  Crazy cheap.  Compare terms to As.  No contest, but 40 cents cheaper.

I am setting up for a huge move up Monday when tax-selling is done, FWIW.