Dividend Stocks Brought To You By 2018

This research report was produced by The REIT Forum with assistance from Big Dog Investments.
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While investing in dividend champions like Altria Group (MO), Procter & Gamble (PG), and AT&T (T) can be appealing, investors should diversify across several sectors. At The REIT Forum, we specialize in REITs.
General Growth Properties General Growth Properties (GGP) agreed to a buyout deal from Brookfield Property Partners (BPY). BPY is externally managed by Brookfield Asset Management (BAM). BPY is a global real estate firm.
BPY was already a major shareholder in GGP. They owned around 33% to 36% of the shares outstanding depending on how we handle certain accounting factors. The precise percentage is not a key factor here, but their major ownership is important. They made the bid and support their own bid, but GGP’s board of directors need about 50% of the other common shares to approve. The total bar is set at 66.6% of outstanding shares.
Shares that are not voted will count as voting against the offer, so management needs to encourage shareholders to vote. So far, they haven’t done a great job of campaigning. Their efforts have focused on highlighting the benefits of BPY rather than the spelling out the actual numbers for the transaction.
Poorly described valuation for merger approval Remarkably, management has done little to spell this out. Shareholders are encouraged to vote for the merger but have... Read more