{"id":51968,"date":"2026-06-01T20:34:55","date_gmt":"2026-06-02T00:34:55","guid":{"rendered":"https:\/\/prefblog.com\/?p=51968"},"modified":"2026-06-01T21:06:37","modified_gmt":"2026-06-02T01:06:37","slug":"bpo-pr-c-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51968","title":{"rendered":"BPO.PR.C To Be Redeemed"},"content":{"rendered":"<p>Brookfield Office Properties Inc. <a href=\"https:\/\/bpy.brookfield.com\/bpo\/press-releases\/brookfield-office-properties-announces-redemption-class-aaa-preference-shares-4\">has announced<\/a> (on 2026-05-19):<\/p>\n<blockquote><p>that it intends to redeem all 7,982,204 of its outstanding Class AAA Preference Shares, Series CC (TSX: BPO.PR.C), all of which are held by CDS &#038; Co., as nominee of CDS Clearing and Depositary Services Inc., for cash on June 30, 2026. The redemption price for each such share will be C$25.00. Separately from the redemption price, the final quarterly cash dividend of C$0.382313 per share, will be paid in the usual manner on June 30, 2026, to holders of record on June 15, 2026.<\/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 CC Shares on or after June 30, 2026 through the facilities of CDS &#038; Co.<\/p><\/blockquote>\n<p>BPO.PR.C was issued as a FixedReset, 6.00%+518M600, that <a href=\"http:\/\/prefblog.com\/?p=32980\">commenced trading 2016-4-27<\/a> after being <a href=\"http:\/\/prefblog.com\/?p=32936\">announced 2016-4-18<\/a>. It <a href=\"https:\/\/prefblog.com\/?p=42392\">reset to 6.12%<\/a> in 2021 with no conversion. The issue has been tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns. <\/p>\n<p>Thanks to the Assiduous Reader who brought this to my attention!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Office Properties Inc. has announced (on 2026-05-19): that it intends to redeem all 7,982,204 of its outstanding Class AAA Preference Shares, Series CC (TSX: BPO.PR.C), all of which are held by CDS &#038; Co., &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-51968","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51968","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=51968"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51968\/revisions"}],"predecessor-version":[{"id":51975,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51968\/revisions\/51975"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}