Brookfield/BPP LP

Documents
(SEDAR filing: 5 February 2013) Preliminary prospectus of Brookfield Property Partners L.P. ("BPP LP") (1506 K).
Summaries
Summary Under
Tax Topics - Public Transactions - Spin-Offs & Distributions - Taxable dividends-in-kind - Subsidiary distribution
Special dividend by Brookfield Asset Management of Brookfield Property Partners L.P. units
Overview

Brookfield Asset Management Inc. ("Brookfield Asset Management"), which is listed on the NYSE and TSX, will distribute the LP units of BPP LP to its shareholders as a special dividend, with such distribution being referred to as the spin-off. BPP LP will hold an approximate 10% economic interest in the Property Partnership, which will indirectly acquire substantially all of the commercial real estate portfolio of Brookfield Asset Management, including its office (56%), retail (39%), multi-family and industrial assets – with a geographic distribution of 63%-U.S., 15%-Australia, 10%-Europe, 9%-Canada, and 3%-Brazil. The other economic interest of approximately 90% in the Property Partnership will be held by Brookfield Asset Management directly or through the GP. BPP LP will apply for TSX and NYSE listings.

See Foreign Asset Income Funds and LPs for a detailed summary.