{"success":true,"data":{"pressRelease":{"id":"152606","rtpr_id":"nGNX9hb5hn-20260924","ticker":"BN","exchange":"TSX","all_tickers":["BN"],"title":"Brookfield Office Properties Announces Results of Conversion of Its Series R Preference Shares","author":"Globe Newswire","published_at":"2026-09-24T21:00:00.104Z","article_body":"Not for distribution to U.S. newswire services nor for dissemination to the\nUnited States. \nAll amounts in Canadian dollars.\n\nBROOKFIELD NEWS, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Brookfield Office\nProperties Inc. (“Brookfield”), a subsidiary of Brookfield Property\nPartners L.P., today announced that after having taken into account all\nelection notices received by the deadline for the conversion of the Class AAA\nPreference Shares, Series R (the “Series R Shares”) (TSX: BPO.PR.R) into\nClass AAA Preference Shares, Series S (the “Series S Shares”), the holders\nof Series R Shares are not entitled to convert their Series R Shares into\nSeries S Shares. There were 24,640 Series R Shares tendered for conversion,\nwhich is less than the one million shares required to give effect to\nconversions into Series S Shares.\n\nThe Series R Shares will pay on a quarterly basis, for the five-year period\nbeginning on October 1, 2026, as and when declared by the board of directors\nof Brookfield, a fixed dividend based on an annual dividend rate of 6.829%\n(C$0.4268125 per share per quarter).\n\nAbout Brookfield Office Properties\n\nBrookfield Office Properties Inc. is a subsidiary of Brookfield Property\nPartners L.P., one of the world’s largest commercial real estate companies.\nFor more information, please visit bpy.brookfield.com/bpo\n(https://www.globenewswire.com/Tracker?data=Oap8he59ucgEyy3dvSSxZF4OPScOpAMkkIJc8NEtVAuJNOz-IzObp5ZR35DBt2eWUJj2TDZl241FcmaYLhVE-yLpdii5oU43XpASdKtljHo=).\n\nBrookfield Contact:\n\nKeren Dubon\nInvestor Relations \nTel.: 212-618-3440\nEmail: keren.dubon@brookfield.com \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/950185e4-48fa-411f-882f-840469878662)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9hb5hn-20260924","title":"Brookfield Office Properties Announces Results of Conversion of Its Series R Preference Shares","author":"Globe Newswire","ticker":"BN","created":"2026-09-24T21:00:00.104Z","tickers":["BN"],"exchange":"TSX","article_body":"Not for distribution to U.S. newswire services nor for dissemination to the\nUnited States. \nAll amounts in Canadian dollars.\n\nBROOKFIELD NEWS, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Brookfield Office\nProperties Inc. (“Brookfield”), a subsidiary of Brookfield Property\nPartners L.P., today announced that after having taken into account all\nelection notices received by the deadline for the conversion of the Class AAA\nPreference Shares, Series R (the “Series R Shares”) (TSX: BPO.PR.R) into\nClass AAA Preference Shares, Series S (the “Series S Shares”), the holders\nof Series R Shares are not entitled to convert their Series R Shares into\nSeries S Shares. There were 24,640 Series R Shares tendered for conversion,\nwhich is less than the one million shares required to give effect to\nconversions into Series S Shares.\n\nThe Series R Shares will pay on a quarterly basis, for the five-year period\nbeginning on October 1, 2026, as and when declared by the board of directors\nof Brookfield, a fixed dividend based on an annual dividend rate of 6.829%\n(C$0.4268125 per share per quarter).\n\nAbout Brookfield Office Properties\n\nBrookfield Office Properties Inc. is a subsidiary of Brookfield Property\nPartners L.P., one of the world’s largest commercial real estate companies.\nFor more information, please visit bpy.brookfield.com/bpo\n(https://www.globenewswire.com/Tracker?data=Oap8he59ucgEyy3dvSSxZF4OPScOpAMkkIJc8NEtVAuJNOz-IzObp5ZR35DBt2eWUJj2TDZl241FcmaYLhVE-yLpdii5oU43XpASdKtljHo=).\n\nBrookfield Contact:\n\nKeren Dubon\nInvestor Relations \nTel.: 212-618-3440\nEmail: keren.dubon@brookfield.com \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/950185e4-48fa-411f-882f-840469878662)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-24T21:00:00.148317773Z","server_sent_at_ms":1790283600148},"received_at":"2026-09-24T21:00:00.200Z","source_url":null},"analysis":{"id":"141411","press_release_id":"152606","analysis_json":{"industry":{"label":"Real Estate Management & Development","sector":"Real Estate"},"redFlags":[],"eventType":"other","narrative":"Brookfield Office Properties announced that holders of its Series R preference shares are not entitled to convert into Series S shares.\n\nOnly 24,640 Series R shares were tendered, below the one-million-share threshold required to trigger conversions.\n\nSeries R shares will pay a fixed quarterly dividend at an annual rate of 6.829% (C$0.4268125 per share) for the five-year reset period beginning October 1, 2026.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine preference-share reset mechanics -- conversion threshold not met, dividend resets at 6.829%; suppress for common-equity feeds."},"keyFigures":{"customDimensions":{"dividend_rate":"6.829%","minimum_shares_required":1000000,"quarterly_dividend_per_share":"C$0.4268125","shares_tendered_for_conversion":24640}},"quotedText":"There were 24,640 Series R Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series S Shares.","namedEntities":{"people":[{"name":"Keren Dubon","role":"Investor Relations contact"}],"products":["Class AAA Preference Shares, Series R","Class AAA Preference Shares, Series S"],"companies":[{"name":"Brookfield Office Properties Inc.","ticker":"BPO.PR.R","relationship":"issuer (subsidiary of Brookfield Property Partners L.P.)"},{"name":"Brookfield Property Partners L.P.","relationship":"parent"}],"dollarAmounts":[{"amount":"C$0.4268125","context":"quarterly dividend per Series R share"}]},"materialImpact":{"score":1,"reasoning":"Routine mechanics of a preference-share conversion window: fewer than the required one million Series R shares were tendered, so no conversion occurs and the shares reset at a fixed 6.829% dividend. No effect on common equity or operations."},"tickerRelevance":{"others":[{"ticker":"BPO.PR.R","relevance":"the Series R preference shares subject to the conversion notice"}],"primary":"BN"},"globalImportance":5,"audienceRelevance":5,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap parent, preferred-share event only","eventGravity":"preference-share conversion mechanics","commonEquityImpact":"none"}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Brookfield Office Properties announced that holders of its Series R preference shares are not entitled to convert into Series S shares.\n\nOnly 24,640 Series R shares were tendered, below the one-million-share threshold required to trigger conversions.\n\nSeries R shares will pay a fixed quarterly dividend at an annual rate of 6.829% (C$0.4268125 per share) for the five-year reset period beginning October 1, 2026.","key_figures":{"customDimensions":{"dividend_rate":"6.829%","minimum_shares_required":1000000,"quarterly_dividend_per_share":"C$0.4268125","shares_tendered_for_conversion":24640}},"named_entities":{"people":[{"name":"Keren Dubon","role":"Investor Relations contact"}],"products":["Class AAA Preference Shares, Series R","Class AAA Preference Shares, Series S"],"companies":[{"name":"Brookfield Office Properties Inc.","ticker":"BPO.PR.R","relationship":"issuer (subsidiary of Brookfield Property Partners L.P.)"},{"name":"Brookfield Property Partners L.P.","relationship":"parent"}],"dollarAmounts":[{"amount":"C$0.4268125","context":"quarterly dividend per Series R share"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-24T21:00:05.449Z","global_importance":5,"audience_relevance":5,"importance_components":{"tickerTier":"large-cap parent, preferred-share event only","eventGravity":"preference-share conversion mechanics","commonEquityImpact":"none"}},"durationMs":5275,"modelName":"glm-5.3-flashx"}}