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Security Details
- Coupon Rate
- 7.63%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 1/30/2009
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.91
- Distribution Dates
- 1/31, 4/30, 7/31 & 10/31
- Credit Ratings
- Moody's NF · S&P NR (12/31/2023)
- Tax-Advantaged Dividends
- No
Security Profile
Security's distribution is suspended.
- CUSIP
- 559775200
- Market Cap
- Large Cap
- IPO
- 1/16/2004 · $25.00/share
- Previous Symbol
- DTLA- (changed 4/10/2023)
- Previous Name
- MPG Office Trust, 7.625% Series A Cumul Redeem Preferred Stock
- Parent Company
- Brookfield Property Partners L.P. (BPO*)
Business: Brookfield DTLA Fund Office Trust Investor, Inc., formerly MPG Office Trust Inc., formerly Maguire Properties Inc., 7.625% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/30/2009 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Distributions of 7.625% ($1.90625) per annum paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the date fixed by the board, not more than 35 days or less than 10 days prior to the payment datedate (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: October 15, 2013 ---- Brookfield Office Properties Inc. (BPO: NYSE, TSX), through its newly formed fund (DTLA Holdings), today completed the acquisition of MPG Office Trust, Inc. (MPG: NYSE). The transaction was contingent upon several conditions, including the approval of MPG’s common stockholders, the receipt of certain consents from MPG’s lenders, and certain regulatory approvals, all of which have been met. MPG common shares will be delisted from the NYSE on October 15, 2013. Pursuant to the terms of the transaction, each share of MPG Series A Preferred Stock that was not tendered and accepted for payment by Brookfield Office Properties in the tender offer has been converted into, and canceled in exchange for, one share of Brookfield DTLA Fund Office Trust Investor Inc. Series A Preferred Stock, which will be listed on the NYSE under the symbol DTLA PR.________________ December 19, 2008 -- Maguire Properties, Inc., a Southern California-focused real estate investment trust, today announced that its Board of Directors has determined that, as part of its capital management initiatives, no distribution would be paid on its Series A Preferred Stock for the period of November 1, 2008 through and including January 31, 2009.
Company Contact
- CEO
- G. Mark Brown
- CFO
- Bryan D. Smith
- Headquarters
- 250 Vesey Street, 15th Floor, New York, NY 10281
- Phone
- 212-417-7000
- Fax
- 212-417-7214
- Investor Relations
- 212-417-7000