Brookfield Office Properties Inc. has announced:
that it intends to:
- …
- •Redeem all 2,804,795 of its outstanding Class AAA Preference Shares, Series J (TSX: BPO.PR.J) (the “Series J 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 C$25.00 plus accrued and unpaid dividends thereon (which as of June 5, 2017 will be C$0.22260), representing a total redemption price of C$25.22260.
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.J had a recent partial call for redemption and in 2014 was partially exchanged for BPS.PR.B pursuant to a reorganization.
BPO.PR.J is a 5.00% Operating Retractible issued 2004-4-30 which became redeemable at par 2014-6-30 and retractible for shares 2014-12-31. It has been relegated to the Scraps index since issue.
This entry was posted on Friday, May 5th, 2017 at 12:09 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
BPO.PR.J To Be Redeemed
Brookfield Office Properties Inc. has announced:
BPO.PR.J had a recent partial call for redemption and in 2014 was partially exchanged for BPS.PR.B pursuant to a reorganization.
BPO.PR.J is a 5.00% Operating Retractible issued 2004-4-30 which became redeemable at par 2014-6-30 and retractible for shares 2014-12-31. It has been relegated to the Scraps index since issue.
This entry was posted on Friday, May 5th, 2017 at 12:09 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.