Brookfield Office announces normal course issuer bid for 12 preferreds

Chicago, Jan. 10 – Brookfield Office Properties Inc. announced a normal course issuer bid for up to 10% of the public float of each series of the company’s outstanding class AAA preference shares listed on the Toronto Stock Exchange in a press release.

The period for the normal course issuer bid runs from Jan. 12 to Jan. 11, 2025.

The company will pay the market price at the time of acquisition, but may not pay more than the redemption price.

The following series are included, with the caps listed below:

• 1.1 million of the series N preferreds, or 3,278 per day;

• 1.2 million of the series P preferreds, or 4,568 per day;

• 1 million of the series R preferreds, or 2,866 per day;

• 1 million of the series T preferreds, or 3,026 per day;

• 129,078 of the series V preferreds, or 1,000 per day;

• 188,442 of the series W preferreds, or 1,000 per day;

• 124,291 of the series Y preferreds, or 1,000 per day;

• 1,197,500 of the series AA preferreds, or 3,822 per day;

• 800,000 of the series CC preferreds, or 2,233 per day;

• 1.1 million of the series EE preferreds, or 3,774 per day;

• 1.1 million of the series GG preferreds, or 2,488 per day; and

• 1 million of the series II preferreds, or 2,244 per day.

Brookfield has not repurchased any preferred shares in the past 12 months.

Brookfield Office is a subsidiary of Brookfield Property Partners LP, a commercial real estate company.

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