mxupa, page-13

MXUPA still carry a fair bit of risk, as their ultimate parent company, Brookfield Asset Management is carrying a fair bit of debt. Lucky for noteholders that Brookfield Multiplex operate primarily in Australia, where property prices are holding up well.

AAZPBs are a far more secure investment after the capital raising, and the price reflects their security. I wouldn't be surprised to see GMPPAs trading higher after Goodman complete their raising.

Here's a bit of night-time reading for those interested in Brookfield-Multiplex's parent in the US: http://rbcpa.com/companies/BAM_notes.html