I believe many who converted from BEPPA to PIH will simply hang on.
Why, well they would have sold the BBI & BEPPA prior to the PIH conversion and taken the cash then.
Remember Brookfield sold us a deal for $5.08 conversion when there was much more uncertainty in the world, and now they want the rest for $4.55 - Dream on.
Any PIH holder from the BBI / BEPPA conversion will expect $5.08 as a minimum - We do!
We are only a small holder, but I'm sure the larger PIH holders who converted from BBI & BEPPA will have a similar view.
MR Brookfield, $5.08 + the divvy is still way below the asset value !
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