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Brookfield Property REIT, 6.375% Series A Cumulative Redeemable Preferred Stock
Ticker Symbol: BPYUP*     CUSIP: 11282X202     Previous CUSIP: 36174X200      Exchange: NGM
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 8/19/2021

Security has been Called for:  Thursday, August 19, 2021

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Brookfield Property REIT Inc., formerly GGP Inc., formerly General Growth Properties, Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 2/13/2018 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.375% per annum ($1.59375 per annum or $0.3984375 per quarter) will be paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date that will be the fifteenth day of the month prior to the payment date or on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). 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. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NGM
Chart
6.38%
$1.59
$25.00
$25.00
Called for
8/19/2021

None
WR NR
4/04/2021
1/1, 4/1, 7/1 & 10/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (BPYU)

IPO - 2/6/2013 - 10.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: BPRAP    Changed: 8/28/2018
Previous Name: GGP, Inc., 6.375% Series A Cumulative Redeemable Preferred Stock    Changed: 8/28/2018
Market Value $254.0 Million

Company's Online Information Links
HOME PAGE:     https://bpy.brookfield.com/en
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address matthew.cherry@brookfield.com

Address and Phone Numbers
Address:   250 Vesey Street, 15th Floor, New York, NY 10281
Main Phone Number 212-417-7000
Fax Number Not Available
Investor Relations   Matthew Cherry 212-417-7488
CEO - Bruce Flatt CFO - Bryan K. Davis

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