Brookfield Increases Equity Interest In Carma.Business Editors TORONTO--(BUSINESS WIRE)--April 18, 2000 On April 17, 2000, Brookfield Properties Corporation acquired 556,493 common shares of its subsidiary Carma Corporation for investment purposes. In addition, Carma Corporation acquired 873,107 of its own common shares pursuant to its normal course issuer bid, bringing to date 946,407 common shares purchased by Carma in the last 12 months pursuant to its repurchase program. These shares will be cancelled by the company. These transactions, coupled with Brookfield's purchase of 1,000,000 common shares of Carma in May 1999, increases Brookfield's equity interest in Carma to 84%. All purchases were made through the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and were made for investment purposes. Brookfield Properties Corporation owns and manages premier North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. properties, operates real estate service businesses and develops master planned communities. The Brookfield portfolio comprises 46 commercial properties totaling 33 million square feet, including landmark properties such the World Financial Center in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Place in Toronto. Brookfield is listed on the New York and Toronto Stock Exchanges under the symbol 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 . Carma Corporation is a public real estate company active in the development of master planned communities in Calgary, Edmonton and Denver. |
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