Brookfield Office Properties Canada is a publicly traded real estate investment trust. Common units began trading on the Toronto Stock Exchange on May 25, 2010 under the stock symbol: BOX.UN and on the New York Stock Exchange on January 9, 2012 under the stock symbol: BOXC.
Distribution Increase
The Board of Trustees of Brookfield Office Properties Canada has declared a 12.5% increase to the yearly distribution per trust unit from $0.96 to $1.08, effective with the distribution payable on February 15, 2011 to holders of trust units of record at the close of business on January 31, 2011. The distribution approximates 90% of AFFO adjusted for the stabilization of Bay Adelaide Centre West Tower. Distribution payment on trust units is reviewed quarterly by the Trustees to assess the appropriateness of the distribution in light of changes to reported cash-flow.
Dividend Reinvestment Plan (DRIP)
We are pleased to offer a Dividend Reinvestment Plan (DRIP) to provide unitholders with a convenient and cost-effective way to increase their investment in Brookfield Office Properties Canada.
The plan gives you the option of automatically reinvesting all or a portion of your cash distributions in Trust Units. Regardless of which option you choose, you will not pay any brokerage commissions or service charges. These costs are paid by us.
The accompanying materials provide you with a full description of the DRIP and enrollment procedures. You should read this material carefully before making any enrollment decision. You should also consult your tax advisers about the tax consequences which will result from your participation in the DRIP.
If you wish to enroll in the DRIP, simply complete the particpation enrollment form and return it as instructed.
Participation Form
The administrator of the DRIP, CIBC Mellon Trust Company, is happy to answer any questions you have and can be reached at (416) 643-5500 in Toronto, or toll-free at (800) 387-0825 from elsewhere in Canada or the United States.
Tax Treatment of 2011 Distributions
For 2011 distributions on trust units of BOX.UN, approximately 30% of distributions are taxable, with the balance being a return of capital.
This reporting complies in aggregate with the new U.S. tax reporting under Section 6045B of the Internal Revenue Code and is based on information available to date.
Transfer Agent and Registrar
Questions relating to distributions, transfer of units, address changes or unit certificates should be directed to our Transfer Agent, CIBC Mellon Trust Company.
CIBC Mellon Trust Company
P.O. Box 7010
Adelaide Street Postal Station
Toronto, Ontario
M5C 2W9
Tel : 416-643-5500 or 1-800-387-0825
Fax: 416-643-5501
Website :
www.cibcmellon.ca
E-mail :
Inquiries@cibcmellon.ca
Corporate Offices
Brookfield Office Properties Canada
Bay Wellington Tower
Brookfield Place, 181 Bay Street
Suite 330, P.O. Box 770
Toronto, Ontario
M5J 2T3
Tel: (416) 359-8555
Fax: (416) 359-8596
Investor Relations
Unitholder questions relating to investor relations should be directed to:
Matthew Cherry
Director, Investor Relations and Communications
416-359-8593
matthew.cherry@brookfield.com
Inquiries regarding financial results should be directed to:
Bryan Davis
Senior Vice President and Chief Financial Officer
416-956-5170
bryan.davis@brookfield.com