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 includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.

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Brookfield Property Partners L.P. > BAM Bid For BPY

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Comment by dileas48son Jan 04, 2021 7:57am

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Post# 32213658

RE:BAM Bid For BPY

Vette, can you confirm this language from the press release means unit holders will have one of three choices:

Subject to pro-ration, BPY unitholders would have the ability to elect to receive, per BPY unit, $16.50 in cash, 0.40 Brookfield Class A shares, or 0.66 of BPY preferred units with a liquidation preference of $25.00 per unit.

So, one could elect to take the cash, the portion of the BAM.A share or the portion of the BAM.PR.A share. It's obviously not a combination.

I assume if one had mutliple holdings, e.g. TFSA / RRSP one could make different choices. Also, the BPY press release seems to suggest that even within an account an investor could split their holding into more than just one of the available options.

Am I reading these correctly?

Thanks,
~dileas