April 18, 2016

On Monday, the S&P 500 and Toronto were each up 0.6%.

Brookfield Office Properties came out with a 6.0% rate reset preferred share that will renew at a minimum 6.0% in five years unless the company buys it back at its face value of $25. Unless Brookfield Office Properties runs into severe financial difficulties this should prove to be a very attractive investment. I would have bought some but the issue was filled by the time I noticed the email from TD Direct.