PrefBlog

As part of their new issue announcement, Brookfield Office Properties has announced:

The net proceeds of the issue will be used to redeem Brookfield Office Properties’ Cumulative Class AAA Preference Shares, Series F and, to the extent the underwriters’ option is exercised, for general corporate purposes. The offering is expected to close on or about September 13, 2012.

BPO.PR.F is an OperatingRetractible paying 6% of par, redeemable at par commencing 2012-9-30. It is tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.

This entry was posted on Wednesday, September 5th, 2012 at 12:24 pm 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.