Brookfield Completes $200 Million Preferred Share Issue.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 15, 2003 Brookfield Properties Corporation (NYSE NYSE See: New York Stock Exchange :BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) (TSX:BPO) today announced the completion of its previously-announced Class AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. Series H preference share issue in the amount of C$200 million. Brookfield issued 8 million Class AAA Preference Shares, Series H, at a price of C$25 per share with a yield of 5.75% per annum including 2 million shares issued on the exercise of an option granted to the underwriting syndicate. The net proceeds will be utilized for general corporate purposes. The Series H Preference Shares will commence trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. on October 15, 2003 under the symbol BPO.PR.H. Brookfield Properties Corporation, with a stock market value of over US$9 billion in assets, owns, develops and manages premier North American office properties. The Brookfield portfolio comprises 50 commercial properties and development sites totaling 46 million square feet, including landmark properties such as the World Financial Center in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and BCE Place in Toronto. Brookfield is inter-listed on the New York and Toronto Stock Exchanges under the symbol BPO. For more information, visit the Brookfield Properties Web site at www.brookfieldproperties.com. |
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