Brookfield Property Partners Extends Distribution Reinvestment Plan To Residents Of The United States

Brookfield Property Partners L.P. (NYSE:BPY) (TSX:BPY.UN) (“BPY”) announced today that its eligible unit holders who are residents of the United States can now enroll their limited partnership units (“Units”) in its distribution reinvestment plan (the “Plan”), previously only available to  residents of Canada. The Plan allows participants to reinvest cash distributions paid on their Units to purchase additional Units.

On each distribution payment date, cash distributions payable on a participant’s Units are paid by BPY to CST Trust Company, BPY’s registrar and transfer agent which serves as agent under the plan (the “Plan Agent”). The Plan Agent uses those funds (less any applicable withholding taxes) to purchase Units. The Units purchased by the Plan Agent are issued from treasury at a price per Unit calculated by reference to the volume weighted average trading price (in U.S. dollars) for the Units on the New York Stock Exchange for the five trading days immediately preceding the date the relevant distribution is paid by BPY.

U.S. registered unit holders may enroll in the Plan at any time by enrolling online at https://www.canstockta.com/answerline or by duly completing an enrollment form (available at bpy.brookfield.com) and sending it to the Plan Agent. U.S. beneficial unit holders should make appropriate arrangements with the broker, investment dealer, financial institution or other nominee who holds the participant’s Units on his or her behalf. In particular, unit holders whose Units are registered in the name of The Depository Trust Company (“DTC”), may participate in the Plan only by (i) directing his or her broker to transfer all or any number of whole Units into his or her name and then enrolling such units in the Plan or (ii) making appropriate arrangements with the broker, investment dealer, financial institution or other nominee who holds such Units to transfer all or any number of whole Units into CDS Clearing and Depository Services Inc. (“CDS”) and enroll in the Plan on the unit holder’s behalf, either as a nominee that delivers a completed and executed enrollment form to the Plan Agent in the manner provided in the Plan, or, if applicable, as a CDS participant through enrollment by CDS.