DBRS: Brookfield Properties Increases Preferred Shares New Issue to $250 Million

DBRS notes that Brookfield Properties Corporation has increased the 6.75% Cumulative Five-Year Reset Preference Shares, Series L, issue to $250 million. The rating is remains at Pfd-3 (high).

The net proceeds of the issue will be used for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is for Rating Real Estate which can be found on our website under Methodologies.