Brookfield Office Properties Inc T.BPO.PR.A

RE:Another $12 Billion...

[pierrelebel]

Let us look at the announcement carefully.  NO MONEY is going to Brookfield. This transaction has NOTHING to do with BPO preferred shares.

"Brookfield Asset Management announced today the closing of its latest flagship global private equity program, Brookfield Capital Partners VI (“BCP VI” or the “Fund”). With $12 billion in total capital raised for the strategy, BCP VI is the largest private equity fund raised by Brookfield.

Partners in BCP VI are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, and family offices. Brookfield has committed $3.5 billion to the Fund, underscoring the firm’s alignment of interests with other investors."

This is just another fund started by Brookfield.

In plain accounting, $3.5 billion will be added to assets (value of the fund) and $3.5 billion will be taken off the cash on hand.  The balance sheet remains unchanged.