Business: Brookfield Property Partners L.P. 6.25% Class A Cumulative Prfd Units, Series 1, liquidation preference $25 per share, redeemable at the issuer's option on or after 07/26/2026 at $25 per unit plus accrued and unpaid dividends , and and maturing 07/26/2081. <p> Cumulative distributions of 6.25% per annum ($1.5625 per annum or $0.390625) per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be the first day of the month of the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> The Company may redeem the preferred units before 07/26/2026 at $25 (100%) of their principal amount plus accrued and unpaid dividends, if a regulatory capital event occurs; before 07/26/2026 at $25.50 (102%) of their principal amount plus accrued and unpaid dividends if a rating agency event occurs. (see prospectus for further information). <p> In the event that the units are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements, the preferred units may be redeemed within 60 days at $25 plus accrued and unpaid dividends at the company's option, if not redeemed the dividend rate will be increased to 11.25% per annum until the listed on an exchange. <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred units rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common units of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.