Brookfield Property Partners L.P. T.BPY.UN

RE:Can someone explain how the proration will work

[Vette08]

Hi Karl,

At the end of the day the deal for BPY consists of:

(i) consideration paid by BAM of US$3.27 billion in cash
(ii) 59.3 million BAM common shares
(iii) US$500 million in BAM preferred shares

So if all of us BPY unitholders tick the box to take BAM shares, then yes, we will all get prorated with a slice of cash and preferred shares.

Hopefully that helps.

Still long,
Vette