Brookfield Office Properties Inc T.BPS.PR.U

BPO Preferred shares ex-dividend next Friday.

[pierrelebel]

A reminder that all nine issues of BPO 5 year reset preferred shares are going ex-dividend on September 13th with payment due September 27th (early as September 30th is a Holiday).

It is worth noting that the folks at Brookfield are NOT doing a good job keeping investors informed of dividend declarations when it comes specifically to the BPO preferred issues.

So far this week I had two email messages sent to BPO unanwered, one to BPY and one to BN (in despiration) asking to confirm the dividends had been declared early August for payment at the end of September.
Finally got a confirmation about ten minutes ago - after calling and leaving a message on their answering machine!

All I can say is that I am not impressed with the lack of service and communication towards shareholders for an organization worth hundreds of billions of dollars..

[SONOFFERGUS]

Thanks Pierre.  I emailed same in April when the TSX 5-business-day requirement for notice was breached. My first email was answered straight away.  My follow-up asking them to smarten up went unanswered lol.  And here we are again.

[pierrelebel]

"My follow-up asking them to smarten up went unanswered lol." Clearly they have a staffing problem with employees and managers still not understanding their responsibilities. To keep your shareholders (and public at large) informed of dividend declarations is an important responsability that cannot - in fact MUST NOT - be ignored. Not promptly answering email correspondance from

[Carena]

Hi there, This lack of concern for shareholders has been on full display in the BPY financials. Raising capital is the easy part....taking care of the capital and its stakeholders is the hard part.  Brookfield never used to be that way at all.  It is how a $60 billion market cap company came to control a trillion dollars in assets.  However, they seem to be tiring of their

[CrazyTrader]

Pierre, is this insider information?     Even the TMX website doesn't show this information.  

[pierrelebel]

Further to my posting from last week, and not having received a written reply to my several email messages, I sent another email inquiry today and received this reply by email a few minutes ago: "Thank you for reaching out. The preferreds were declared for Q3 2024 and are expected to be paid on September 27, 2024, for holders of record on September 13th. We generally don't issue press

[CrazyTrader]

The STANDARD is for companies to issue press releases each quarter for the distribution/declare... Pierre's twisted bias bullying mind refuses such common sense and standard.    This is why I don't trust anything he says.    I know it's bias.    Ok, I admit, I'm a little bias also to the negative as I sold..... BUT while I was a shareholder that didn

[SONOFFERGUS]

Thx Pierre.  Why is it such a mess every quarter? I am tempted to short a few shares and then make a claim for the dividends I would have to pay since BPO missed the reporting deadline.  Whadayamean, dividends?  Could be fun!

[pierrelebel]

"Why is it such a mess every quarter?" BPO does not send public press releases confirming dividends. Actually BPO has been pretty good feeding the dividend information to the TSX in advance except this time. Why?  I do not know but I suspect a new staffer somewhere not aware of the need to inform the TSX when dividends are declared by the board. I have also requested

[SONOFFERGUS]

I emailed them on a fail for the floaters in April.  Perhaps I overstated the problems.  Hopefully they get it right going forward!  Thx for your efforts.

[pierrelebel]

This morning the TSX website finally updated its dividend information showing ex-dividend September 13th, payable September 27th

[Carena]

Hi Pierre, I totally agree with all you said here......I can't imagine anyone investing in individual securities and not have a clue what inside information is or isn't. I have issued many press releases in my past life and dividend declaration press releases take 5 minutes and BPO using words like "generally" in response to your email is completely ridiculous.  

[CrazyTrader]

Carena ASSUMES this and says "  I have come to the conclusion that because of the BPY guarantee, we can just look to each BPO pref prospectus on the BPO website in terms of the timing of the payment of dividends...." Countless times she berates me for "assuming" things.    Carena, there no need to assume.  The Email AND the Prospectus says the