"80 Goodmans lawyers ranked as top-tier in 31 areas of law." - Canadian Legal Lexpert Directory
Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Brookfield Office Properties Completes $300 Million Preferred Share Offering

2010

Areas Corporate and Commercial, Corporate Finance and Securities, Private Equity, Tax

Summary

Goodmans represented the syndicate of underwriters in connection with Brookfield Properties Corporation’s (Brookfield Office Properties) (BPO: NYSE, TSX) completion of a $300 million offering of class AAA preference shares, series P.  Holders of the class AAA preference shares, series P will be entitled to receive a cumulative quarterly fixed dividend yielding 5.15 per cent annually for the initial 6 ½-year period ending March 31, 2017. Thereafter, the dividend rate will be reset every five years at a rate equal to the five-year Government of Canada bond yield plus 3.0 per cent.

The syndicate of underwriters was led by RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Brookfield Financial Corp., Canaccord Genuity Corp., Dundee Securities Corporation and Macquarie Capital Markets Canada Ltd.