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.
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SOURCE S&P Dow Jones Indices
For further information: Tony North, Director, Canadian Index Operations, Toronto, Ontario, (+1) 416 507 3204, [email protected]; David Blitzer, Managing Director and Chairman of the Index Committee, New York, USA, (+1) 212 438 3907, [email protected]