Special Committee of Brookfield Canada Office Properties Appoints Financial and Legal Advisors in Connection With Brookfield ...
23 Février 2017 - 11:00PM
Brookfield Canada Office Properties (TSX:BOX.UN) (NYSE:BOXC) today
announced that the special committee of the Board of Trustees of
Brookfield Canada Office Properties (the “special committee”) –
comprised of four independent Trustees – has appointed Greenhill
& Co. Canada Ltd. (“Greenhill”) to act as its financial advisor
in connection with the previously announced proposal by Brookfield
Property Partners L.P. to acquire all of Brookfield Canada Office
Properties’ units that it or its affiliates do not own (the
“proposal”).
The special committee has also appointed Goodmans
LLP to act as its Canadian legal advisor and Skadden, Arps, Slate,
Meagher & Flom LLP to act as its U.S. legal advisor in
connection with the proposal.
The special committee is in the process of
reviewing the proposal and Brookfield Canada Office Properties
expects to provide an update within the next six weeks. In
addition, in accordance with Canadian securities laws, the special
committee will supervise the preparation by Greenhill of a formal
valuation of the units of Brookfield Canada Office Properties.
Unitholders of Brookfield Canada Office Properties
are reminded that there can be no assurance that any agreement or
favorable recommendation will result from the proposal or that any
formal offer will be made by Brookfield Property Partners.
Unitholders do not need to take any action with respect to the
proposal at this time.
About Brookfield Canada Office
Properties
Brookfield Canada Office Properties is Canada’s
preeminent Real Estate Investment Trust (REIT). Our portfolio is
comprised of 26 premier office properties totaling 20 million
square feet in the downtown cores of Toronto, Calgary, and Ottawa,
in addition to a development site in Calgary. Our landmark assets
include Brookfield Place and First Canadian Place in Toronto, and
Bankers Hall in Calgary. Further information is available at
www.brookfieldcanadareit.com. Important information may be
disseminated exclusively via the website; investors should consult
the site to access this information.
Brookfield Canada Office Properties is the flagship
Canadian REIT of Brookfield Asset Management, a leading global
alternative asset manager with approximately $250 billion in assets
under management. For more information, go to
www.brookfield.com.
Contact:
Sherif El-Azzazi
Manager, Investor Relations & Communications
Tel: (416) 359-8593
Email: sherif.elazzazi@brookfield.com
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