DBRS Discontinues Rating on BPO Properties Ltd.

DBRS has today discontinued the Issuer Rating and Cumulative Redeemable Preferred Shares rating of BPO Properties Ltd. (BPO or the Company). This action follows the successful completion of the previously announced transaction involving the exchange of the Company’s preferred shares for new Class AAA preference shares of Brookfield Office Properties Inc. As such, BPO no longer has any outstanding public securities.

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

The applicable methodology is Rating Real Estate Entities (April 2011), which can be found on our website under Methodologies.