U.S. markets closed

Brookfield Property Partners L.P. (BPY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
18.64-0.02 (-0.11%)
At close: 4:00PM EDT
Sign in to post a message.
  • m
    m
    With an eye to moving on because the vote is now over, what is everyone here considering as their next steps with the cash/shares that they’ll receive? What new investment(s) will replace this one in your portfolio?
  • S
    Susan
    I own shares of BPYPN, which are preferred units in the limited partnership paying 5.75%. I received no info from my broker about making any elections and looking at the convo thread below, I'm unsure if I'm even affected by the privatization. Are the aforementioned securities affected by this reorg? And how so given that I did not make any elections (what will I receive if these are being called)?
  • A
    Ankitha
    Need some help here. I am very new to the market and bought BPUY a couple of weeks ago (from robinhood). Have been watching it sink down everyday sadly.
    I bought it before I knew anything about the exchange/vote/etc. and am just now learning about these things. Their website says we can exchange BPYU to BPY.
    Can someone explain what options I have?
  • R
    Rishi
    so I'm still not clear on the options. 1. bam shares? 2. prefs @$25 paying what dividend? 3. $18.17 USD per share? combination of the above? geez maybe better to just sell. but was trying to avoid the cap gains tax
  • N
    Navin
    Just got off call with Questrade. Apparently deadline for shareholders with units at brokers is 20th July, BUT they need 3 business days to place a corporate action with your choice from 4 options. It sucks how they never made this clear. All I got was a Proxy vote form for 16th July meeting for this entire thing to even been approved or not and now when I call today, first he said, we have not been notified of a deadline. When I pushed him, he checked and said it is 20th July, and as we don't have 3 business day headsup now, I will put a request, but whether it will go through or not we won't know until after another 10 business days. I wanted option 2 and DO NOT like the default option as I do not even understand what the New LP Preferred Units are. He could not explain well, just said it is almost like cash.
  • m
    m
    I’m confused. Couldn’t attend Friday’s special meeting. Listened to replay today, which was 10min long and consisted of casting the vote and other administrative procedure. There were no questions and no mention of any changes to the options. But I see in earlier comments that there was a change (removal?) of one option. I can’t figure out what was changed and how that affects me (Canadian beneficial owner, through my brokerage, holding shares on the USD side of my account).

    Can anyone shed some light?
    Thanks
  • v
    v
    If our revolt fails against BAM are people choosing the preferred shares (dividend closest to BPY) or cash (🖕Brookfield)?
  • v
    v
    Any US residents unable to choose option 3 Bam shares?
  • m
    m
    Any idea when the transaction is supposed to be completed?
  • R
    Rishi
    ill vote yes if I get all Bam shares.
  • D
    Dawg
    Make sense to sell just prior to the vote? If Yes, I would want all BAM stock, not the combination of crummy offers. If no, stock price should drop to level prior to announcement. Thoughts?
    Bullish
  • C
    Cam
    Overly complicated and not in BPY shareholders best interest. With the western world opening up this is not the time to cave into Brookfield Asset Management! I’m voting NO!
  • v
    varfffna
    If I just hold bpy and don’t choose anything what will happen to my shares?
    Neutral
  • k
    kam
    I Vote for No,
    And sold all my position,
    move to Choice property(CHP-UN.TO)
    The landlord of Loblaws. Since everyone needs food...
  • L
    Larry
    BAM will be forced to offer $20.00 for the BPY shares because shareholders will vote no on the low cash option.
    Bullish
  • P
    Philippe
    RIP, the resolution has been accepted
  • A
    A
    what happen if I vote against it ? I will lost all share ? it seems not a very good deal :

    Thanks
    see below :
    Unitholders can elect for each BPY unit $18.17 in cash, 0.3979 of a Brookfield Class A Share or 0.7268 of a BPY preferred unit, subject to pro-ration, for an aggregate consideration mix of approximately 50% cash, 42% Brookfield Class A Shares and 8% BPY preferred units
  • M
    MIKE
    Yes I know already its not alot of shares, but I voted a big NO with my 1k shares
  • M
    MIKE
    Did anyone get their dividend payout? I did not get mine but maybe it will show up on Monday?
  • v
    v
    Just voted against all