BPO.PR.I – Series II Prospectus – Brookfield Office Properties Inc Preferred Shares

The following is a set of excerpts from the prospectus document for the Series II 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.I – Series II Prospectus – Brookfield Office Properties Inc Preferred Shares was used for the excerpts and the important information was highlighted for quick access.

Follow this link for additional information on Brookfield Office Properties Inc. and a comparison of all Brookfield Office Properties preferred shares available in the Canadian Market today.

Excerpt: Size and initial yield

The thirty-fifth series of Class AAA Preference Shares of the Corporation shall consist of 10,000,000 Class AAA Preference Shares which shall be designated as Class AAA Preference Shares, Series II (hereinafter referred to as the “Series II Shares”).

Excerpt: Reset Date and Yield Terms

During the Initial Fixed Rate Period, the Series II Dividends payable on the Series II Shares will be in an annual amount per share equal to the Initial Fixed Dividend Rate, and shall be payable quarterly on each Dividend Payment Date. The initial Series II Dividend will be payable on March 31, 2018 and will be an amount in cash equal to $0.3787 per Series II Share. On each Dividend Payment Date during the Initial Fixed Rate Period (other than March 31, 2018), the Series II Dividend will be equal to $1.2125 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 of one percent (with 0.000005% being rounded up)) equal to the greater of: (i) the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 3.23%, and (ii) 4.85%.

Excerpt: Conversion Terms

Subject to applicable law and the terms and provisions hereof, Holders will have the right, at their option, on each Series II Conversion Date, to convert, all, or any part of, the then outstanding Series II Shares registered in the name of the Holder into Class AAA Preference Shares, Series JJ (“Series JJ Shares”)