RE:RE:Quarterly report issued by BN ... It seems like BPY is:
In connection with an internal restructuring completed in July 2016, the partnership and certain of its related entities agreed to
guarantee all of BPO’s Class AAA Preferred Shares and all of BPO’s debt securities issued pursuant to BPO’s indenture dated December
8, 2009.
In April 2018, the partnership formed two subsidiaries, Brookfield Property Finance ULC and Brookfield Property Preferred
Equity Inc. to act as issuers of debt and preferred securities, respectively. The partnership and certain of its related entities have agreed to
guarantee securities issued by these entities.