Brookfield Office Properties Inc T.BPO.PR.A

BPO Preferred SHORT at Nov 30/24

[pierrelebel]

A relatively small (6%) reduction overall

BPO.PR.A	15,608	-6,221
BPO.PR.C	124,941	6,281
BPO.PR.I	40,587	-41,541
BPO.PR.N	24,069	2,510
BPO.PR.P	16,768	-367
BPO.PR.R	52,484	7,741
BPO.PR.T	241,138	-7,462
BPO.PR.X	659	-346
BPO.PR.W	1,644	853
BPO.PR.Y	3,817	1,425
BPO.PR.G	44,265	-8,216
BPO.PR.E	21,770	9,227
TOTAL	587,750	-36,116

[oilinvestor52]

The short positions are completely meaningless. Just buy them and enjoy the dividends and capital appreciation. BPO prefs are the best buy among this asset class.  -Donald

[pierrelebel]

oilinvestor52  wrote "The short positions are completely meaningless." That may be true for you. However others may give the short position of each BPO preferred issue some weight in their decision making when chosing one of nine five year BPO reset preferred shares. For exanple if two preferred issues offer similar reset rate in a specific period of time I would most likely

[oilinvestor52]

I get you point but These minuscule short positions will make no difference to a small retail investor whatsoever. 

[pierrelebel]

"These minuscule short positions will make no difference" Again it depends what you are looking at.  For example the "T" have a short position of over 240,000 shares.  Their trading averages less than 10,000 daily. If a large short wants (or is forced) to cover, it will move the shares.

[Jonnyrd]

Shorts, when buying preffereds your doing it for income and hopefully holding long term I made a mistake by selling the T at 15 because I had huge gain and was worried they might drop down learned my lesson and had to pay much more but this time will hold for years

[oilinvestor52]

If u want play this mindless game on prefs you better buy some fancy trading software. The miniture short positions on BPO prefs are completely meaningless. -Donald

[oilinvestor52]

Buy the "A" and get nearly 50% of your money back over the 5 year term. I don't need to be a CPA to figure that one out.