Brookfield property partners obtains final court approval for the privatization transaction and brookfield property reit announces intention to redeem its 6.375% series a cumulative redeemable preferred stock

Brookfield news, july 20, 2021 (globe newswire) -- brookfield asset management inc. (“bam”) (nyse: bam; tsx: bam.a) and brookfield property partners l.p. (“bpy”) (nasdaq: bpy; tsx: bpy.un) today announced that bpy has obtained a final order from the ontario superior court of justice (commercial list) approving the previously announced plan of arrangement whereby bam will acquire all of the limited partnership units of bpy (the “transaction”).
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