Brookfield Corp | 6.375% Class A Cumul Red Perp Prfd Units Ser 2 (BPYPO)
Prospectus excerpt: We are offering 10,000,000 units of our 6.375% Class A Cumulative Redeemable Perpetual Preferred Units, Series 2, with a liquidation preference of $25.00 per unit (the "Series 2 Preferred Units"). As described under "Use of Proceeds" herein, we intend to allocate an amount equal to the net proceeds from this offering to the financing and refinancing of Eligible Green Projects (as defined herein), including the development and redevelopment of such projects. Distributions on the Series 2 Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the last day of March, June, September and December when, as and if declared by Brookfield Property Partners Limited, our general partner. The pro-rated initial distribution on the Series 2 Preferred Units offered hereby, if declared, will be payable on December 31, 2019 in an amount equal to approximately $0.57995 per Series 2 Preferred Unit. Distributions on the Series 2 Preferred Units will be payable out of amounts legally available therefor at a rate equal to 6.375% per annum of the $25.00 liquidation preference.
Full Prospectus PDF », Secondary Prospectus PDF », BN Page »
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Brookfield is a global alternative asset manager. Co. focuses on investing in the backbone of the global economy across renewable power and transition, infrastructure, private equity, real estate and credit. Co.'s segments are: Asset Management business, which includes managing long-term private funds, perpetual strategies and liquid strategies; Renewable Power and Transition business, which includes the ownership, operation and development of hydroelectric, and wind; Infrastructure business, which includes the ownership, operation and development of utilities and sustainable resource assets; and Real Estate business, which includes the ownership, operation and development of investments. Preferreds: BPYPO, BPYPN, BPYPM Open the BN Information Page » |
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