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Stock impact report

Brookfield Property Partners Reminds Unitholders of Substantial Issuer Bid Expiry

Brookfield Property Partners LP (BPY) 
US:NYSE Investor Relations: bpy.brookfield.com/en
Company Research Source: GlobeNewswire
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, March 21, 2019 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY”) (NASDAQ: BPY; TSX: BPY.UN) reminds holders of its limited partnership units (“BPY Unitholders”) that its previously announced substantial issuer bid (the “Offer”) to purchase up to $405,000,000 of its limited partnership units (the “BPY Units”) for cash will expire at 5:00 p.m. (Eastern time) on March 25, 2019. The Offer is being made by way of a “modified Dutch auction,” which allows Unitholders to select the price, within the specified range, at which each Unitholder is willing to sell all or a portion of the Units that such Unitholder owns. The Offer prices range from $19.00 to $21.00 per Unit (in increments of $0.10 per Unit). Unitholders are urged to consult the formal offer to purchase and issuer bid circular, together with the letter of transmittal and notice of guaranteed delivery (the “Offer Documents”) for the t Show less Read more
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