A citation that seems to back this up.
Losartan reduces hematocrit in patients with chronic obstructive pulmonary disease and secondary erythrocytosis - PubMed
Ann Intern Med. 2001 Mar 6;134(5):426-7.
Losartan Reduces Hematocrit in Patients With Chronic Obstructive Pulmonary Disease and Secondary Erythrocytosis
For a man not dealing with elevated blood pressure, migraines, or copd, would it be safe? Perhaps others here have a sense of that.
Losartan Reduces Hematocrit in Patients with Chronic Obstructive Pulmonary Disease and Secondary Erythrocytosis
TO  THE  EDITOR:  Many  studies  suggest  a  positive  correlation  be- tween the renin–angiotensin system (RAS) and enhanced erythropoiesis. We recently reported that RAS activation may be pulmonary  disease  (COPD)  (1).  Therefore,  we  investigated whether losartan could normalize hematocrit in such patients.
Our  study  was  a  4-week,  open-label  trial  of  losartan  in  which the daily dose was
increased by 25 mg each week: 25, 50, 75, and 100 mg. Participants were nine chronically hypoxemic patients, all former smokers (six men and three women; mean age [ SD], 62  3  years),  who  had  severe  COPD  and  secondary  erythrocytosis  (hematocrit was greater than 0.52 and had been stable for more than 3 months) despite long-term oxygen therapy. After discontinuation of losartan therapy, patients were followed for 3 months. As shown in the Figure, hematocrit and hemoglobin levels gradually declined in all patients—from 0.56   0.009 and 1.72   0.05 g/L at baseline to 0.46  0.007  and  1.45   0.04  g/L  at  the  end  of  therapy  (P   0.001).  The higher the baseline value, the greater the reduction in hematocrit (r  0.7085; P   0.05). After losartan therapy was discontinued, hematocrit  and  hemoglobin  levels  uniformly  increased;  after  3  months, they averaged 0.50   0.007 and 1.59   0.02 g/L, respectively. No other clinical or laboratory variables were significantly affected.
These results are in accordance with previous observations. For instance, enalapril caused
reversible anemia in renal transplant recipients (2) and was subsequently used to treat kidney recipients who had  post-transplantation  erythrocytosis  (3).  The  manner  in  which RAS  affects  erythropoiesis  has  not  yet  been  fully  understood,  but both  erythropoietin-related  and  non– erythropoietin-related  mechanisms seem to be involved. In this regard, RAS activation was associated with enhanced erythropoietin secretion in patients undergoing hemodialysis (4), while angiotensin II could directly stimulate erythroidn progenitors in in vitro experiments (5).
In conclusion, losartan can be safely and effectively used to normalize hematocrit in patients with COPD and erythrocytosis, an effect that could obviate the need for therapeutic phlebotomy.