Brookfield Property Partners was taken private by Brookfield on 7/26/2021 thus there are no common shares trading
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4/21 Ticker Changed.
The coupon is fixed at 7.60% until 5/15/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.161%
A total of 7,927,288 shares of Series A preferreds are now outstanding as of 12/31/2018. The company has used the shares a number of times while doing acquisitions. 20% of the shares will be redeemed, on a pro-rata basis, not later than 2/9/2020. These shares have a maturity date 9 years after initial issuance, which was in 2017
On 12/23/2019 the company announced the redemption of 1.6 million shares of the preferred stock–20.2% of the outstanding shares.
On 12/31/2021 and 12/31/2022 there were 6,422,128 shares of preferred outstanding
Shares are redeemable anytime at the option of the company for cash or common shares or a combination of cash and shares
Investors in this security will receive a K-1
Brookfield Property Partners was taken private by Brookfield on 7/26/2021 thus there are no common shares trading