BPYU - Brookfield Property Partners' Canadian Preferred Shares Will Remain Outstanding And Are Currently Cheap
- Brookfield Asset Management is buying Brookfield Property Partners.
- Both firms have outstanding Canadian preferred shares, all of which will remain outstanding following the close of the deal.
- The Brookfield Property preferred provides a much higher yield, and I expect the spread will narrow when the deal closes.
For further details see:
Brookfield Property Partners' Canadian Preferred Shares Will Remain Outstanding And Are Currently Cheap