{"id":19121,"date":"2026-06-02T01:51:53","date_gmt":"2026-06-02T06:51:53","guid":{"rendered":"https:\/\/1reason.com\/re\/brookfield-office-properties-announces-reset-dividend-rates-and-conversion-privileges-on-its-class-aaa-series-n-preference-shares\/19121\/"},"modified":"2026-06-02T20:51:53","modified_gmt":"2026-06-03T01:51:53","slug":"brookfield-office-properties-announces-reset-dividend-rates-and-conversion-privileges-on-its-class-aaa-series-n-preference-shares","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/brookfield-office-properties-announces-reset-dividend-rates-and-conversion-privileges-on-its-class-aaa-series-n-preference-shares\/19121\/","title":{"rendered":"Brookfield Office Properties Announces Reset Dividend Rates and Conversion Privileges on its Class AAA Series N Preference Shares"},"content":{"rendered":"
, a subsidiary of Brookfield Property Partners L.P., today announced the reset dividend rate on its Class AAA Preference Shares, Series N (\u201cSeries N Shares\u201d) (TSX: BPO.PR.N). <\/p>\n

Series N Shares<\/strong><\/p>\n

If declared, the fixed quarterly dividends on the Series N Shares for the five years commencing July 1, 2026 and ending June 30, 2031 will be paid at an annual rate of 6.2060% ($0.387875 per share per quarter).<\/p>\n

Holders of Series N Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on June 15, 2026, to convert all or part of their Series N Shares, on a one-for-one basis, into Class AAA Preference Shares, Series O (the \u201cSeries O Shares\u201d), effective June 30, 2026.<\/p>\n

The quarterly floating rate dividends on the Series O Shares have an annual rate, calculated for each quarter, of 3.07% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate for the July 1, 2026 to September 30, 2026 dividend period for the Series O Shares will be 1.358580% (5.39% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.339645 per share, payable on September 30, 2026.<\/p>\n

Holders of Series N Shares are not required to elect to convert all or any part of their Series N Shares into Series O Shares.<\/p>\n

As provided in the share conditions of the Series N Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series N Shares outstanding after June 30, 2026, all remaining Series N Shares will be automatically converted into Series O Shares on a one-for-one basis effective June 30, 2026; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series O Shares outstanding after June 30, 2026, no Series N Shares will be permitted to be converted into Series O Shares. There are currently 10,875,438 Series N Shares outstanding.<\/p>\n

The Toronto Stock Exchange (\u201cTSX\u201d) has conditionally approved the listing of the Series O Shares effective upon conversion. Listing of the Series O Shares is subject to Brookfield fulfilling all the listing requirements of the TSX and, upon approval, the Series O Shares will be listed on the TSX under the trading symbol \u201cBPO.PR.O\u201d.<\/p>\n

About Brookfield Office Properties<\/strong><\/p>\n

Brookfield Office Properties Inc. is a subsidiary of Brookfield Property Partners L.P., one of the world\u2019s largest commercial real estate companies, with over $85 billion in total assets. For more information, please visit bpy.brookfield.com\/bpo<\/a>.<\/p>\n

Brookfield<\/strong> Contact:<\/strong><\/p>\n

Keren Dubon
Investor Relations
Tel.: 212618-3440
Email: keren.dubon@brookfield.com<\/a><\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Not for distribution to U.S. newswire services nor for dissemination to the United StatesAll amounts in Canadian dollars<\/p>\n

BROOKFIELD NEWS, June 01, 2026 (GLOBE NEWSWIRE) — Brookfield Office Properties Inc.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19121"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=19121"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19121\/revisions"}],"predecessor-version":[{"id":19125,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19121\/revisions\/19125"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=19121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=19121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=19121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}