Brookfield Property Parners (BPY) has priced their new preferred units with a meager coupon of 5.75%.
This issue will generate a K-1 at tax time.
BPY has 2 other issues outstanding which can be seen here.
The pricing term sheet can be read here.
SteveA was right on top of this one.
I see in the prospectus that each US shareholder needs to provide a W-9 showing their TIN / Social Security number. This implies some type of withholding tax on the distributions. Can anyone clarify how that works for Brookfield ? Thanks
Fidelity charges $50 foreign settlement fee.
The price is at 25.28
bull2000–thanks for the update–I was afraid some of these suckers would do that to us–must be why I hold other Brookfield shares in my eTrade account.
Bummer yield.