Brookfield Office Properties Inc T.BPO.PR.A

If you want "Permanent Capital", capital you don't need

[CrazyTrader]

to pay interest/dividends on, you do SHARE BUY BACKS at discount.   The money saved is capital you NEVER have to pay interest/dividends on.....

THAT's Permanent Capital.  

Buying BPO Prefers at $6  instead at Par of $25, creates $19 of permanent Capital company never needs to pay interest/dividends on.   It's basically FREE money.

But a better way is to buy for investment instead of cancelling them.

All just my opinion/view/thinking

[Carena]

Good morning Crazy, I believe that Brookfield's referral to "permanent" or "perpetual" capital is capital that can't be called back or more crudely, capital they never have to pay back.  This allows them to protection when they get blindsided, such as COVID or the inflation shock of the last 2 years.    The BPO preferreds are exactly such capital. 

[CrazyTrader]

But you do have to pay back Prefer Capital, it's in the form of interest.   In Fact, over time you will pay MORE than the capital in interest.  Perpetual DEBT, not capital best describes Prefer Shares.    Yes, great news on BPY dividends.... but it was a given as it seems Dividends for BPO seemed to be "declared" some time earlier.      

[Carena]

Hi again, I come from a school where, ultimately, all capital has a carry charge and all capital has to be paid back.  Calling it perpetual capital or perpetual debt is semantics.  I am simply trying to explain to you why I think Brookfield calls it such.  I am long BPO prefs, so I need to have my conviction and I never bet against Bruce Flatt. In terms of preferred dividends, it