Brookfield Property Partners takes Brookfield Canada Office Properties private

pcNewsWireBrookfield Canada Office Properties (TSX: BOX.UN; NYSE: BOXC) has closed the going private transaction pursuant to which BOX redeemed all of its issued and outstanding trust units not already owned by Brookfield Property Partners L.P. and its subsidiaries for cash consideration of $32.50 per trust unit.

15.9 million trust units of BOX redeemed by BOX pursuant to the Redemption, BPY now owns 100% of the issued and outstanding trust units of BOX.

News Release

BROOKFIELD CANADA OFFICE PROPERTIES CLOSES GOING PRIVATE TRANSACTION WITH BROOKFIELD PROPERTY PARTNERS

All dollar references are in Canadian dollars unless noted otherwise.

BROOKFIELD NEWS, June 30, 2017 – Brookfield Canada Office Properties (TSX: BOX.UN; NYSE: BOXC) (“BOX”) announced today the closing of the going private transaction of BOX, pursuant to which BOX redeemed all of its issued and outstanding trust units not already owned by Brookfield Property Partners L.P. (“BPY”) and its subsidiaries for cash consideration of $32.50 per trust unit (the “Redemption”).

As a result of the 15.9 million trust units of BOX redeemed by BOX pursuant to the Redemption, BPY now owns 100% of the issued and outstanding trust units of BOX. Payment of the cash consideration of $32.50 per trust unit redeemed pursuant to the Redemption will be made by the depositary (contact information below).

BOX unitholders who hold their trust units through a broker or other intermediary may contact that broker or other intermediary for instructions and assistance in receiving the consideration for their trust units. Unitholders who hold their trust units in certificated form are required to complete and sign a letter of transmittal and deliver it, together with their unit certificates and any other required documents, to the depositary. Further information concerning these processes is outlined in BOX’s management information circular dated May 8, 2017, a copy of which is available, along with the letter of transmittal, under BOX’s profile on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on BOX’s website at https://www.brookfieldcanadareit.com.

Any questions regarding the cash consideration, including any request for another letter of transmittal should be directed to the depositary, CST Trust Company at 416-682-3860 or toll free at 1-800-387-0825.

With the completion of the Redemption, it is expected that the trust units will be delisted from the Toronto Stock Exchange at the close of business on July 4, 2017 and suspended from trading on the New York Stock Exchange on June 30, 2017. Delisting of the trust units from the New York Stock Exchange is expected to take place on July 10, 2017, at the latest.

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About Brookfield Canada Office Properties

Brookfield Canada Office Properties is Canada’s preeminent Real Estate Investment Trust (REIT). Our portfolio is comprised of 26 premier office properties totaling 20 million square feet in the downtown cores of Toronto, Calgary, and Ottawa, in addition to a development site in Calgary. Our landmark assets include Brookfield Place and First Canadian Place in Toronto, and Bankers Hall in Calgary. Further information is available at www.brookfieldcanadareit.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Brookfield Canada Office Properties is the flagship Canadian REIT of Brookfield Asset Management, a leading global alternative asset manager with approximately $250 billion in assets under management. For more information, go to www.brookfield.com.

Contact:
Sherif El-Azzazi
Director, Investor Relations & Communications
Tel: (416) 359-8593
Email: sherif.elazzazi@brookfield.com