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Stock impact report

Brookfield Canada Office Properties Unitholders Approve Going Private Transaction With Brookfield Property Partners

BROOKFIELD CANADA OFFICE PROPERTIES (BOXC) 
Company Research Source: GlobeNewswire
BROOKFIELD NEWS, June 28, 2017 (GLOBE NEWSWIRE) -- Brookfield Canada Office Properties (“BOX”) (TSX:BOX.UN) (NYSE:BOXC) announced today that it has received unitholder approval for the redemption (the  “Redemption”) by BOX of all of the issued and outstanding trust units (the “Trust Units”) of BOX not already owned by Brookfield Property Partners L.P. (“BPY”) and its subsidiaries for cash consideration of $32.50 per Trust Unit and related amendments to the Declaration of Trust of BOX in order to affect the Redemption (collectively, the “Transaction”). Approval was given at an annual and special meeting of BOX unitholders held in Toronto, Ontario on June 28, 2017 (the “Meeting”). At the Meeting, approximately 98.1% of the votes cast by all BOX unitholders, and 84.4% of votes cast by BOX unitholders other than unitholders whose votes were required to be excluded for the purposes of “minority approval” under Multilateral Instrument 61-101 — Protection of Minority Security Holders in S Show less Read more
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