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Brookfield Property REIT Inc (BPR) USD0.01

Sell:$20.17 Buy:$20.18 Change: $0.1 (0.50%)
NASDAQ:0.07%
Market closed |  Prices as at close on 20 March 2019 | Switch to live prices |
Ex-dividend | Tender Offer

Brookfield Property REIT Inc USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Mar 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase Shares for an aggregate purchase price of up to USD95 million. Brookfield Property REIT Inc Shareholders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to USD95 million. The Tender Offer is designed so that the Company pays the lowest price at which Shareholders are prepared to tender their Shares.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than USD19.00 or greater than USD21.00 (in increments of USD0.10, e.g. USD19.00, USD19.10, USD19.20, USD19.30, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to USD95 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back. Odd Lot Shareholders, i.e. Shareholders with 100 Brookfield Property REIT Inc Shares or less, will not have their elections scaled back.

 

Cash in respect of successful tenders will be credited to your Account from 1 April 2019.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between USD19.00 and USD21.00 (in increments of USD0.10).  In order to participate in this Tender Offer an election must be received in this office by noon Thursday 21 March 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Please note that when giving an instruction you must clearly state the number of Shares you wish to tender and at what price you wish to tender your Shares. We will be unable to process any instructions given without this information.

 

All instructions must be received in this office by noon Thursday 21 March 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$20.17
Buy:$20.18
Change: $0.1 (0.50%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 20 March 2019 | Switch to live prices |
Ex-dividend | Tender Offer

Brookfield Property REIT Inc USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Mar 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase Shares for an aggregate purchase price of up to USD95 million. Brookfield Property REIT Inc Shareholders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to USD95 million. The Tender Offer is designed so that the Company pays the lowest price at which Shareholders are prepared to tender their Shares.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than USD19.00 or greater than USD21.00 (in increments of USD0.10, e.g. USD19.00, USD19.10, USD19.20, USD19.30, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to USD95 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back. Odd Lot Shareholders, i.e. Shareholders with 100 Brookfield Property REIT Inc Shares or less, will not have their elections scaled back.

 

Cash in respect of successful tenders will be credited to your Account from 1 April 2019.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between USD19.00 and USD21.00 (in increments of USD0.10).  In order to participate in this Tender Offer an election must be received in this office by noon Thursday 21 March 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Please note that when giving an instruction you must clearly state the number of Shares you wish to tender and at what price you wish to tender your Shares. We will be unable to process any instructions given without this information.

 

All instructions must be received in this office by noon Thursday 21 March 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$20.17
Buy:$20.18
Change: $0.1 (0.50%)
Market closed |  Prices as at close on 20 March 2019 | Switch to live prices |
Ex-dividend | Tender Offer

Brookfield Property REIT Inc USD0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Mar 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase Shares for an aggregate purchase price of up to USD95 million. Brookfield Property REIT Inc Shareholders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to USD95 million. The Tender Offer is designed so that the Company pays the lowest price at which Shareholders are prepared to tender their Shares.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than USD19.00 or greater than USD21.00 (in increments of USD0.10, e.g. USD19.00, USD19.10, USD19.20, USD19.30, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to USD95 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back. Odd Lot Shareholders, i.e. Shareholders with 100 Brookfield Property REIT Inc Shares or less, will not have their elections scaled back.

 

Cash in respect of successful tenders will be credited to your Account from 1 April 2019.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between USD19.00 and USD21.00 (in increments of USD0.10).  In order to participate in this Tender Offer an election must be received in this office by noon Thursday 21 March 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Please note that when giving an instruction you must clearly state the number of Shares you wish to tender and at what price you wish to tender your Shares. We will be unable to process any instructions given without this information.

 

All instructions must be received in this office by noon Thursday 21 March 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
$20.10
Trade high:
$20.27
Year high:
$21.16
Market capitalisation
Market cap.
:
$2.08 bn
Previous close:
$20.08
Trade low:
$20.02
Year low:
$14.93
Shares in issue
Shares
:
1.26 bn
Previous:
$0.16 (0.80%)
Previous:
$0.16
Volume:
n/a
Dividend yield:
6.57%
Currency:
USD
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Important Documents

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Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.