DBRS Releases Report on Exchange Tower (BOPC) Inc.

DBRS has today released a report on Exchange Tower (BOPC) Inc. that supports the recent upgrade of the rating of its 6.83% Series A First Mortgage Bonds, due April 2012 (the Bonds) to A (high) from A (low). The Bonds are secured by the owners’ interest in the Exchange Tower office complex (the Project) in Toronto. The upgrade reflects the strong operating fundamentals of the Project in addition to the low leverage and the positive outlook for the asset through the remaining term of the Bonds, including the refinance profile.

Today’s report and the October 28, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.