Brookfield Office Properties Inc T.BPO.PR.A

Didn't BN "purchased" that guarantee when they bought BPY?

[CrazyTrader]

All just my opinion/view/thinking/guessing

[Carena]

Hi again, Simple answer...No. If so, our BPO prefs would be trading in sync with the BN prefs. Carena

[CrazyTrader]

Nice trick, buying a company without it's liabilities!!!   All just my opinion/view/thinking/guessing

[Carena]

Hi again, And I could say, nice sneaky trick by you getting a BPO preferred at a 20% yield while the BN preferred holders get much much less yield....why would that be?  Do you think the BN pref holders are not a smart as you?  Lol. Carena 

[CrazyTrader]

Carena, I did say I was in minority, maybe even alone in my view.     I also said that I understood why the T's were shorted more than the others but also said it was a mistake to short them, any of them in the first place when yields were 15%+.     Right or wrong, I'll collect my 10%+  and when reset comes, my yield will spike to 15%+ most likely. BN

[SONOFFERGUS]

Hi Carena. Indeed so. However, we are taking advantage of some market ineffeciencies here -- not everyone is free to hold BPO because of (i) investment guidelines and (ii) the asymmetry of the management game (win and get a bigger bonus, lose and get fired). I'm glad I don't have to pull together a powerpoint on why I'm long BPO!