TSX:BPO.PR.A - Post by User
Comment by
SONOFFERGUSon Jan 08, 2025 6:32pm
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Post# 36395220
RE:BPO Normal Course Issuer Bid
RE:BPO Normal Course Issuer BidHey Pierre. HNY.
It's on my calendar too. I think renewal is a virtual certainty given BN's story that everything is cool in the property group. That said, BPO prefs were not renewed in 2023 and 2017, as far as I can tell, despite the mother ship renewing for its prefs (in August) every year.
I have always thought of the NCIB as a costless option with no corporate governance barrier to activation. Perhaps I am wrong about that though -- the board needs to see a capital plan that includes buybacks in some scenario in order to sign off. Hmm.
In any case, I will be overjoyed for the press release to hit my mailbox any day now.