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

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

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

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TSX:BPO.PR.A - Post Discussion

Brookfield Office Properties Inc > January 31st SHORT positions

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Post by pierrelebel on Feb 07, 2024 11:42am

January 31st SHORT positions

Oh well, as expected, traders with short positions on BPO preferred shares were busy buying back some of their positions.

In the last two weeks of January, the overall short positions for all BPO preferred shares were down by 319,601 leaving net short positions of 777,498 at January 31st, 2024.

The largest short position remains BPO.PR.T with 374,473 short at Jan 31st. Considering the quarterly dividend goes up 26%+ next month to $0.4244 (from $0.3364) I would expect more short covering.

Life is good!

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Comment by Carena on Feb 07, 2024 12:05pm

Thanks Pierre. At this point, I could not imagine anyone wanting to short the BPO prefs, especially the T series which trades at 55% of par value, a locked in dividend of $8.50 per share over the next 5 years and now BPO's parent(s) standing right behind it with what appears to be an active NCIB and I think it is important to note that the total short position on all the BPO prefs of 777,498 ...more

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