Brookfield Property Partners L.P. BPY

Is tender first come first serve?

[thenewsnake]

If its over subscribed how do they chose who makes the cut?

[dileas48s]

The documentation describes that an oversubscription will result in a pro-rata distribution.  So, say the oversubsription is 10%, then every who tendered shares will see a 10% reduction in what they actually tender. (yes, this math is not accurate, but I think you get the idea....)

[thenewsnake]

That's very noble of BAM

[CANCDN]

Thier is a process for selection who gets the offer. It is outlined in detail in the offering, but I dont recall.

[CANCDN]

I do like BPY long term. I think after early September, things will be more clear. I also think the offering will be oversubscribed and as such, result in a pull back post dividended date. Depending on 'Coronavirus Pandemic Porn" going on, I may jump back in. Needs to be under 10 for me at this point.