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Q: Hi
I owned BIP.PR.D for a couple of years and liked the steady dividends. I am looking at a) another Brookfield preferred that is similar or
b) an ETF that has mostly rate reset bons with a decent dividend or
c) another preferred share from a stable company, like fortis, bce, telus, enb, trp, etc
I would like something that provides 5%, has at least 2 years shelf life. Is it possible to provide maybe 5 choices, ranked that meet the above criterion?
As always great, Len
Read Answer Asked by Leonard on April 05, 2022
Q: Hello 5i Team
Further to BAM takeover of BPY, I looked back at the BPY takeover of Brookfield Canada Office Properties (BOX-UN) in 2017 for a similar timeframe:
January 23, 2017 takeover at $30.10 announced
April 20, 2017 revised takeover price of $32.50 announced
June 30, 2017 offer closed BOX-UN delisted
Therefore do you see the following timeframe to be reasonable:
Revised takeover price announced either mid march or early April 2021
BPY unit holders would receive the March 31, 2021 distribution
Completion of takeover prior to June 30 distribution payment (i.e. unit holders will not receive June 30 distribution)
Also noted at the time BPY increased their offer by approximately 8 % for BOX-UN – therefore would an increase from US$16.50 to the range of US$17.50 to US$18.00 be considered reasonable?
Thanks for the great service.
Read Answer Asked by Stephen on January 21, 2021
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