TORONTO, July 21, 2021 /CNW/ - The shareholders of
Brookfield Asset Management Inc (TSX: BAM.A) and Brookfield
Property Partners L.P. (TSX: BPY.UN) have agreed to the terms of
the Arrangement Agreement resulting in the combination of the two
companies. Each unit of Brookfield Property Partners L.P. will be
exchanged for 0.4006 shares of Brookfield Asset Management or
US$18.17 cash or 0.7268 New LP
Preferred Units subject to proration. Unit holders who make no
election will receive the default consideration of 50.4678% cash,
41.8104% shares and 7.7218% Preferred Units. Brookfield Property
Partners L.P. will be removed from the S&P/TSX Composite Index
and S&P/TSX 60 Index prior to the open of trading on
Tuesday, July 27, 2020.
CAE Inc. (TSX: CAE) will replace Brookfield Property Partners
L.P. in the S&P/TSX 60 Index effective prior to the open of
trading on Tuesday, July 27,
2020.
S&P/TSX 60
INDEX – July 27, 2021
|
|
COMPANY
|
GICS
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
CAE Inc
(TSX:CAE)
|
Industrials
|
Aerospace &
Defense
|
DELETED
|
Brookfield Property
Partners L.P. (TSX:BPY.UN)
|
Real
Estate
|
Real Estate Operating
Companies
|
S&P/TSX
COMPOSITE INDEX – July 27, 2021
|
|
COMPANY
|
GICS
SECTOR
|
GICS
SUB-INDUSTRY
|
DELETED
|
Brookfield Property
Partners L.P. (TSX:BPY.UN)
|
Real
Estate
|
Real Estate Operating
Companies
|
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