Brookfield Office Properties Inc T.BPO.PR.P

Oh well... it did not go as expected!

[pierrelebel]

Not a good day for BPO five year reset preferred shares today.

All issues are down, many in the 2% to 3% range on the day.

Considering the drop in interest rates by the Bank of Canada two days ago one would have expected a good week.  It did not happen.

The yield on BPO.PR.T has increased this week to 11.44%. Hard to believe with Canadian interest rates going down.

Oh well.... life does go on.

Reminder - ALL five year reset preferred shares are going ex-dividend next Friday.

[SONOFFERGUS]

Fixed reset ETFs were smashed this week too. "Markets are forward looking."  Lol. Might be some short covering coming into dividends.  I sold a bunch of As and Ns earlier this week and tried to buy back in, but was too cheap to get a decent fill. Oh well, as you say.

[Carena]

Hi Pierre, From my vantage point, the Cdn bond and currency market is not dramatically changed this week and so Canada gets through its rate cut without much drama.  Seems like the market is looking to the next rate decision already.   The jobs reports in the USA and Canada today suggest higher for longer (ish). Not sure what exactly prompted the dumping of 150,000 N shares today