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Published on 7/20/2021 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Brookfield Property to redeem all outstanding 6.375% series A preferreds

By Wendy Van Sickle

Columbus, Ohio, July 20 – Brookfield Property REIT Inc. announced that it intends to redeem all of its outstanding 6.375% series A cumulative redeemable preferred stock for cash on Aug. 19 at par of C$25.00 per share, plus all accumulated dividends, according to a news release.

The total redemption price will amount to C$25.2125 a share.

The REIT is based in Toronto.


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