Investment Q&A

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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• Brookfield Office Properties Inc. Class AAA Preference Shares Series AA (BPO.PR.A $19.83)
  • $19.83 Cap: $10.10B
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• Brookfield Property Preferred L.P. (BPYP.PR.A $21.99)
  • $21.99 Cap: $22.71B
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• Brookfield Corporation Class A Limited Voting Shares (BN $60.49)
  • $60.49 P/E (TTM): 88.8X Cap: $134.31B
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Q: What's the best way to invest in Brookfield's Real Estate business?
Thanks

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Read Answer Asked by Frank on July 18, 2023

• BCE Inc. (BCE $36.03)
  • $36.03 P/E (TTM): 5.36X Cap: $33.43B
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• Emera Incorporated (EMA $70.04)
  • $70.04 P/E (TTM): 18.95X Cap: $21.50B
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• Brookfield Property Partners L.P. (BPY.UN $23.29)
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• Constellation Software Inc. Unsecured Subordinated Floating Rate Debentures Series 1 (CSU.DB $117.25)
  • $117.25 P/E (TTM): 56.43X Cap: $53.41B
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Q: Hi 5i.
Looking to boost the dividends in my Canadian equity portfolio by peppering in some preferred shares, Can you recommend 5 companies preferred shares that are buyable with an eye on safety, I currently have CSU.DB
Many thanks!

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Read Answer Asked by Mark on November 29, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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• Brookfield Property Preferred L.P. (BPYP.PR.A $21.99)
  • $21.99 Cap: $22.71B
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Q: I had 2506 shares of BPY.UN before the merger.
Now I have 228 shares of BAM.A and 164 shares of BPYP.PR.A. The value of these two spinoffs is about $40,000 less then the 2506 shares of BPY.UN. Why is this?

Also should I sell those latter two as they only comprise 0.55% and 0.18% of the portfolio or combine the two and add to BAM.A.
Does this also mean I am reduced in real estate as a result of the merger?
Thanks Please deduct as many credits as needed.
Jeff

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Read Answer Asked by JEFF on August 19, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Hi there,
Bpy.un normally pays a duvidend on June 30. Do you know if they suspended it due to the pending takeover by BAM?
Thanks

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Read Answer Asked by Charles on July 06, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: My BPO.UN shares are in a non registered account. If I sell now I will have capital gains. I was told that if I wait for the rollover into BAM and/or BPY Preferreds the rollover is tax free, Can you please comment on this.
Thank you.
Philip

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Read Answer Asked by Philip on July 05, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Is $23.00 a good price to sell bpy.un at now?

thamks

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Read Answer Asked by ralph on June 25, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: My year end review shows my broker applying a U.S. withholding tax on my BPY.UN (tsx listed) dividends. Should I contest this?

Thank-you.

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Read Answer Asked by Alex on June 07, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Hello 5i,

Crazy idea and does the following make sense?

For every BPY.UN unit you will receive .3979 of BAM shares.
My math --> BAM $60.74 x .3979 = $24.17 but BPY.un is trading at $22.60. This is a 6.6% discount.

Does it make sense to buy BPY and get BAM at a 6.6% discount?

If so, I am a genius. And how do I make sure I get the shares instead of the cash.

Upvote 0

Read Answer Asked by James on May 28, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: The offer for BPY shares is US$18.17 from BAM. In the past 2 weeks BPY has been trading at a higher value. Today it closed at US$18.73, 3% above the offer. Why is it trading above the offer price?

The offer also said you could opt for 0.3979 of a BAM share. Today BAM closed at US$50.17. So if you opt for that option then you would get the equivalent of US$19.96. Are people bidding up BPY over the offer price and then they will exchange those BPY shares for 0.3979 of a BAM share? At today's prices they would make a 6.5% profit. BAM could fall between now and the closing so they are taking a risk. Is that the reason that BPY is trading above the offer price of US$18.17?

Paul

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Read Answer Asked by Paul on May 28, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: I hold 2000 shares of BPY.UN in my RIIF account. When will the BAM.A offer for those shares be completed? Are BAM.A shares suitable for a RIIF account or am I better to sell BPY.UN now?

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Read Answer Asked by George on May 18, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: What are the tax implications of Bpy.un held in a tax free account?

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Read Answer Asked by Ronald on April 23, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Hello 5I.
Obviously it seems as though the buy out offer has been accepted by the board and powers that be. With that said what are my options now with my remaining shares? What happens if I do nothing? What would you advise? Thanks

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Read Answer Asked by Tyler on April 21, 2021

• BCE Inc. (BCE $36.03)
  • $36.03 P/E (TTM): 5.36X Cap: $33.43B
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• Enbridge Inc. (ENB $73.56)
  • $73.56 P/E (TTM): 27.44X Cap: $158.12B
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• Pembina Pipeline Corporation (PPL $61.25)
  • $61.25 P/E (TTM): 21.18X Cap: $34.84B
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• Keyera Corp. (KEY $52.89)
  • $52.89 P/E (TTM): 38.97X Cap: $11.93B
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• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Following up on my question from this morning, you suggested as "high dividend payers" a few companies that have comparatively low dividends to LIF or FSZ. They aere T (4.83%), AQN, (3.9%), NPIU (2.75%). I don't think these qualify as "high dividend payers". I acknowledge they may be better choices from a growth perspective, but I am looking specifically for companies with a high dividend (over 6% for sure), if any other than FSZ (on my radar!) and LIF (I own this) can be suggested. Growth is not important to me for this aspect of my portfolio. I am looking for companies you might suggest that have a dividend that you think is reasonably safe.
Thanks! Paul

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Read Answer Asked by Paul on April 20, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: I just sold BPY which I held in my RRSP. Can you suggest a replacement company or ETF in the Real Estate sector which would provide a good payout and some growth.

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Read Answer Asked by Bruce on April 14, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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• Brookfield Infrastructure Partners L.P. (BIP.UN $53.97)
  • $53.97 P/E (TTM): 60.02X Cap: $24.54B
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Q: I just got my T5013 for my 2 Brookfield companies and I can see what they've done to create the Corporations that pay eligible dividends but I don't understand why the taxable part far exceeds what I actually received. First, my eligible dividends have disappeared and I guess these go to the Corporation shares. However, on my BIP.UN I received about $2029 in distributions in 2020 but my T5013 shows distributions in excess of $8000 of which $4500 is Return of Capital. Any idea how my $2029 becomes $8000? PPY is much closer in amount, only about 6% higher than what I actually received.

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Read Answer Asked by Earl on April 09, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: I hold 2,000 shares of BPY.UN in my RRIF. Is there any indication as to the yield on the BPY Preferred units (0.7268 per BPY.UN unit) will be? I need a high cash flow to meet the required annual withdrawal from the RRIF. If I sell the BPY.UN shares where can I find a similar yield for my RRIF?
Brookfield plans to start a Global Impact Fund. Are there any details available and when is expected to open?

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Read Answer Asked by George on April 07, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: With the takeover of BPY by BAM.A , I thought the preferred of BPY would have jumped closer in price to the equivalent of BAM preferred. even though they said they will stay under a BPO sticker wouldn t they benefit from the better security abd credit umbrella from BAM. I see a possible trade here. Your thoughts?
Thank you.

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Read Answer Asked by francois on April 06, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Do you know the timeline for when this deal will close? I plan to take the cash offer but was wondering if there will be another quarterly dividend payment?
Thanks.

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Read Answer Asked by Dan on April 05, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: With dividends paid to date, I will end up about even if I sell today. Should I hold for BAM's final offer to be accepted, or head for the exit now?

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Read Answer Asked by Jean on April 05, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Hello, what’s with the price action of BPY.un at the open? I thought the price would have gone up to about 22.80, given the final offer of BAM. Thanks.

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Read Answer Asked by Martin on April 01, 2021