Q: This Brookfield Office preferred is trading with an over 12% yield and if I understand correctly is resetting on December 31, 2023 at a higher rate. Why is it trading down lately with rates so high and resetting so soon. Knowing that it is higher risk would you consider it a buy for its high yield. Also could it be called for a large capital gain on Dec 31.
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Investment Q&A
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Q: I hold these preferreds, which yield over 10%. I assume there are credit concerns based on doubts about the viability of companies holding office, commercial and retail properties. Your opinion?