BPO.PR.U To Be Redeemed

Brookfield Office Properties Inc. has announced:

that it intends to:

  • •Redeem all 4,123,863 of its outstanding Class AAA Preference Shares, Series G (TSX: BPO.PR.U) (the “Series G Shares”), all of which are beneficially held by CDS & Co., as nominee of CDS Clearing and Depositary Services Inc., for cash on June 5, 2017. The redemption price for each such share will be US$25.00 plus accrued and unpaid dividends thereon (which as of June 5, 2017 will be US$0.2337), representing a total redemption price of US$25.2337.

Notices of Redemption for both series have been sent to CDS & Co. Payment of the redemption price will be made on or after June 5, 2017 through the facilities of CDS & Co. to all beneficial holders of the Series G Shares and Series J Shares.

BPO.PR.U was partially exchanged for BPS.PR.U following a reorganization in 2014.

BPO.PR.U has not been tracked by HIMIPref™ since it is a US-pay issue.

Leave a Reply

You must be logged in to post a comment.