ISS Recommends Brookfield Canada Office Properties Unitholders Vote for the Redemption
BROOKFIELD CANADA OFFICE PROPERTIES (BOXC)
US:NYSE Investor Relations:
bpy.brookfield.com/en/resources/brookfield-canada-office-properties
Company Research
Source: GlobeNewswire
BROOKFIELD NEWS, June 19, 2017 (GLOBE NEWSWIRE) -- Brookfield Canada Office Properties (TSX:BOX.UN) (NYSE:BOXC) (“BOX” or the “Trust”) announced today that Institutional Shareholders Services (“ISS”), a leading independent proxy firm, has recommended that unitholders vote FOR the redemption by the Trust of the outstanding Trust units not already owned by Brookfield Property Partners L.P. and its subsidiaries for a cash consideration of C$32.50 per unit. ISS summarized its recommendation as follows: “A vote FOR is warranted based on a review of the terms of the transaction, in particular, the meaningful premium to the unaffected market price, the cash nature of the consideration that provides liquidity and certainty of value to the trust's unitholders, the offer consideration is near the mid-point of the formal valuation's estimated value range, and the adequate transaction review process.” The board of trustees of Brookfield Canada Office Properties unanimously (with G. Mark Brow
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