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Bullboard - Stock Discussion Forum Brookfield Office Properties Inc T.BPO.PR.A

Alternate Symbol(s):  BRPPF | BOPPF | T.BPO.PR.C | BKAAF | T.BPO.PR.N | BRKFF | T.BPO.PR.P | BROAF | T.BPO.PR.R | T.BPO.PR.T | T.BPS.PR.U | T.BPO.PR.W | T.BPO.PR.Y | T.BPO.PR.X | BKEEF | T.BPO.PR.E | BROPF | T.BPO.PR.G | BKOFF | T.BPO.PR.I

Financial Services Real Estate Asset Management Real Estate - General
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... see more

TSX:BPO.PR.A - Post Discussion

Brookfield Office Properties Inc > Now is the time to Redeem and then Re-issue New Prefers
View:
Post by CrazyTrader on Sep 07, 2023 4:44pm

Now is the time to Redeem and then Re-issue New Prefers

with new Calculation.  Since 5yr rate is high right now, you can have a rate formula something like:

Rate= 5yr rate + 1.00%

instead of .............   5yr rate + 3.40% or what ever.

When interest rate near zero, companies offered a high Base Rate to compensate for the low 5yr rate.   Now is the time to issue Prefers with low base rates.

All just my opinion/view/thinking
Comment by pierrelebel on Sep 07, 2023 5:31pm
' Now is the time to issue Prefers with low base rates." ???? Any company can issue preferred shares at any time, at any rate.  However, they have to sell the shares to willing buyers. Today, September 2023, NOBODY in their right mind would buy preferred shares from a company in office buildings offering less than 10%. Nobody. Why would they?  Buyers are not stupid.  ...more  
Brookfield Office Properties Inc