Bullboard - Stock Discussion Forum Brookfield Property Partners L.P. BPY

Real Estate

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment... see more

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Brookfield Property Partners L.P. > Further Distributions?

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Post by my2pennies on Apr 05, 2021 5:31pm

Further Distributions?

Since this deal doesn't close until the 3rd quarter does anyone know if there will be another distribution paid out? Did they address this in the press release, and I just missed it? I am assuming there WILL be at least one more distribution prior to the deal closing. Please let me know if I'm wrong.

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Comment by pjn0987654321 on Apr 05, 2021 5:36pm

Near the end of the news release "Pursuant to the terms of the agreement governing the Arrangement, BPY unitholders and holders of shares of BPYU Class A stock and exchangeable limited partnership units of Brookfield Office Property Exchange LP will not receive further quarterly distributions on their securities."

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