Brookfield Office Properties Inc T.BPO.PR.A

The C's has a BASE Rate of 5.18% !! Add the 5 Yr Rate To It

[CrazyTrader]

and you're looking at it costing the company maybe 10%+  next reset!!!!!  And 16.6% reset yield at current share price of 15.30 if reset 5yr rate 5%.

All just my opinion/view/thinking/guessing

[pierrelebel]

"... you're looking at it costing the company maybe 10%+  next reset..." That reset is three years from now. While the current "Canada 5 year" rate is 3.9%, I expect it will drop to 3% or less by mid 2026. If the current 3.9% remains the same in three years, the dividend would increase to (5.18% + 3.9%) or about 9% payable by BPO on par value of $25 ($2.25 annually)

[CrazyTrader]

I don't own any of the C's..... I was just stating possibility.       All just my opinion/view/thinking

[CrazyTrader]

Even at 3%, that puts the yield at 13.37% for the C's and cost the company 8.18%. All just my opinion/view/thinking that the C's would be the first to be redeemed if any of them were going to be.   But like you said, most likely not.

[pierrelebel]

"Even at 3%, that puts the yield at 13.37% for the C's" Correct. Currently the "C" yields 10% and will for the next three years. My point is: why wait three years to get a higher yield when the "T" (also with a current 10% yield) will be reset at the end of this year and the new higher dividend paid in March 2024 - with a yield of almost 13%? Time is money and