Redemptions in the S&P/TSX Preferred Share Index
TORONTO , March 24, 2017 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Brookfield Office Properties Inc. has announced that it will redeem for $CDN25.00 cash per share all of its outstanding Class AAA Preference Shares, Series K (TSX:BPO.PR.K) on Friday, March 31, 2017 . The preference shares will be removed from the S&P/TSX Preferred Share Index and the S&P/TSX North American Preferred Stock Index effective prior to the open of trading on Monday, April 3, 2017 .
At the same time, the company will redeem 4,760,750 shares of its outstanding Class AAA Preference Shares, Series J (TSX:BPO.PR.J) for the same amount of $CDN25.00 cash per share. The number of shares remaining in the S&P/TSX Preferred Share Index and the S&P/TSX North American Preferred Stock Index will be 2,831,693 shares following this partial mandatory redemption.
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SOURCE S&P Dow Jones Indices
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