{"id":32977,"date":"2016-04-27T23:29:20","date_gmt":"2016-04-28T04:29:20","guid":{"rendered":"http:\/\/prefblog.com\/?p=32977"},"modified":"2016-04-27T23:29:20","modified_gmt":"2016-04-28T04:29:20","slug":"bpo-pr-h-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32977","title":{"rendered":"BPO.PR.H To Be Redeemed"},"content":{"rendered":"<p> Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners, <a href=\"http:\/\/brookfieldofficeproperties.com\/content\/2016_press_releases\/brookfield_office_properties_announces_redemption_-43994.html\">has announced<\/a>:<\/p>\n<blockquote><p> that it intends to redeem all 8,000,000 of its outstanding Class AAA Preference Shares, Series H (TSX: BPO.PR.H), all of which are beneficially held by CDS &#038; Co., as nominee of CDS Clearing and Depositary Services Inc., for cash on May 23, 2016. The redemption price for each such share will be C$25.00 plus accrued and unpaid dividends thereon.<\/p>\n<p> Notice of Redemption has been sent to CDS &#038; Co. Payment of the redemption price will be made to all beneficial holders of the Series H Shares on or after May 23, 2016 through the facilities of CDS &#038; Co.<\/p><\/blockquote>\n<p>BPO.PR.H is an interesting issue since, pursuant to a <a href=\"http:\/\/prefblog.com\/?p=25357\">Plan of Arrangement announced in May, 2014<\/a>, some holders <a href=\"http:\/\/prefblog.com\/?p=25563\">exchanged their shares for preferred shares of Brookfield Property Split Corp. (symbol BPS)<\/a>:<\/p>\n<blockquote><p>56.8% of the BPO preference shares series H that holders elected (or are deemed to have elected) to exchange for BOP Split preferred shares were exchanged &#8230; In aggregate, $25 million of each of the four series of BOP Split preferred shares were issued.<\/p><\/blockquote>\n<p>BOP Split still does not have its own website; shareholders are serviced via <a href=\"http:\/\/www.brookfieldofficeproperties.com\/content\/investors\/stock_and_dividend_info-37724.html\">the Brookfield Office Properties site<\/a> and <a href=\"http:\/\/www.sedar.com\">SEDAR<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners, has announced: that it intends to redeem all 8,000,000 of its outstanding Class AAA Preference Shares, Series H (TSX: BPO.PR.H), all of which are beneficially &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-32977","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32977"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32977\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}