Redemptions in the S&P/TSX Preferred Share Index
TORONTO, March 24, 2017 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Brookfield Office Properties Inc. has announced that it will redeem for $CDN25.00 cash per share all of its outstanding Class AAA Preference Shares, Series K (TSX:BPO.PR.K) on Friday, March 31, 2017. The preference shares will be removed from the S&P/TSX Preferred Share Index and the S&P/TSX North American Preferred Stock Index effective prior to the open of trading on Monday, April 3, 2017.
At the same time, the company will redeem 4,760,750 shares of its outstanding Class AAA Preference Shares, Series J (TSX:BPO.PR.J) for the same amount of $CDN25.00 cash per share. The number of shares remaining in the S&P/TSX Preferred Share Index and the S&P/TSX North American Preferred Stock Index will be 2,831,693 shares following this partial mandatory redemption.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices
For further information: Tony North, Director, Canadian Index Operations, Toronto, Ontario, (+1) 416 507 3204, email@example.com; David Blitzer, Managing Director and Chairman of the Index Committee, New York, USA, (+1) 212 438 3907, firstname.lastname@example.org