Brookfield Office Properties Provides Update on Conversion Option for its Class AAA Series N Preference Shares (opens original article in a new tab)

Brookfield Office Properties updated that the conversion option for its Class AAA Series N Preference Shares into Series O Shares was not activated due to low participation, with Series N Shares continuing to pay a fixed dividend.

• Brookfield Office Properties announced that Series N Preference Shares cannot be converted into Series O Shares due to insufficient tendered shares.
• Only 1,400 Series N Shares were tendered for conversion, below the required one million shares.
• Series N Shares will continue to pay a fixed quarterly dividend of 6.2060% starting July 1, 2026.