BPO.PR.C – Series CC Prospectus – Brookfield Office Properties Inc Preferred Shares

The following is a set of excerpts from the prospectus document for the Series CC preferreds. The excerpts, highlight the most relevant information, an investor should know when analyzing this preferred. A link to the prospectus is provided lower in this page. The original document for BPO.PR.C – Series CC Prospectus – Brookfield Office Properties Inc Preferred Shares was used for the excerpts and the important information was highlighted for quick access.

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Excerpt: Size and initial yield

The twenty-ninth series of Class AAA Preference Shares of the Corporation shall consistof 8,000,000 Class AAA Preference Shares which shall be designated as Class AAA PreferenceShares, Series CC (hereinafter referred to as the “Series CC Shares”) and which, in addition tothe rights, privileges, restrictions and conditions attaching to the Class AAA Preference Sharesas a class, shall have attached thereto the following rights, privileges, restrictions and conditions.

Excerpt: Reset Date and Yield Terms

During the Initial Fixed Rate Period, the Series CC Dividends payable on theSeries CC Shares will be in an annual amount per share equal to the Initial FixedDividend Rate, and shall be payable quarterly on each Dividend Payment Date.The initial Series CC Dividend will be payable on June 30, 2016 and will be anamount in cash equal to $0.2623 per Series CC Share. On each Dividend PaymentDate during the Initial Fixed Rate Period (other than June 30, 2016), the SeriesCC Dividend will be equal to $0.375 per share.
“Annual Fixed Dividend Rate” means, for any Subsequent Fixed Rate Period, the rate(expressed as a percentage rate rounded down to the nearest one hundred-thousandth ofone percent (with 0.000005% being rounded up)) equal to the greater of: (i) the sum ofthe Government of Canada Yield on the applicable Fixed Rate Calculation Date plus5.18%, and (ii) 6.00%.“

Excerpt: Conversion Terms

Conversion at the Option of the Holder(a)Subject to applicable law and the terms and provisions hereof, Holders will havethe right, at their option, on each Series CC Conversion Date, to convert, all, orany part of, the then outstanding Series CC Shares registered in the name of theHolder into Class AAA Preference Shares, Series DD (“Series DD Shares”) onthe basis of one (1) Series DD Share for each Series CC Share. The Corporationshall provide written notice not less than 30 and not more than 60 days prior to theapplicable Series CC Conversion Date to the Holders of the conversion privilegeprovided for herein (the “Conversion Privilege”).