BPO.PR.E – Series EE Prospectus – Brookfield Office Properties Inc Preferred Shares

The following is a set of excerpts from the prospectus document for the Series EE 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.E – Series EE 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 thirty-first series of Class AAA Preference Shares of the Corporation shall consist of11,000,000 Class AAA Preference Shares which shall be designated as Class AAA PreferenceShares, Series EE (hereinafter referred to as the “Series EE Shares”) and which, in addition to therights, privileges, restrictions and conditions attaching to the Class AAA Preference Shares as aclass, 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 EE Dividends payable on the SeriesEE Shares will be in an annual amount per share equal to the Initial Fixed DividendRate, and shall be payable quarterly on each Dividend Payment Date. The initialSeries EE Dividend will be payable on March 31, 2017 and will be an amount incash equal to $0.1467 per Series EE Share. On each Dividend Payment Date duringthe Initial Fixed Rate Period (other than March 31, 2017), the Series EE Dividendwill be equal to $1.275 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 of theGovernment of Canada Yield on the applicable Fixed Rate Calculation Date plus 3.96%,and (ii) 5.10%

Excerpt: Conversion Terms

Conversion at the Option of the Holder(a) Subject to applicable law and the termsand provisions hereof, Holders will havethe right, at their option, on each Series EE Conversion Date, to convert, all, or anypart of, the then outstanding Series EE Shares registered in the name of the Holderinto Class AAA Preference Shares, Series FF.