Brookfield Office Properties Inc T.BPO.PR.A

Alternate Symbol(s): BRPPF | T.BPO.PR.C | BOPPF | T.BPO.PR.N | BKAAF | T.BPO.PR.P | 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.

TSX:BPO.PR.A - Post by User

Brookfield Office Properties Inc > B.O.C. Interest Rate Announcement

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Comment by pierrelebelon Jul 27, 2024 11:47am

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Post# 36151157

RE:RE:RE:RE:RE:B.O.C. Interest Rate Announcement

Good morning wynner.

Thank you for the information on "W" floating rate preferred shares.

I took a good look at those BPO.PR,W (floating rate, not reset).

It may be of interest to some investors but they are not for me.

Less than 4,000,000 shares are outstandig and very few trade (only 600 shares traded all of last week on the TSX; 2,500 the preceeding week). I would find it difficult to enter and eventually exist a substantial position.

The dividend is based on 70% of prime rate (TD and BMO) and the prime rate has already fallen 0.5% in the last six weeks and more drops are expected later this year and next. The recent drops in prime rate will be reflected in the November 15th dividend.

Readers interested in understanding those "W" shares should take a look at this LINK

I am happy with our BPO.PR.T currently yielding 11.38% (fixed for the next four and half years).

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