Business News • MarketWire • Brookfield Residential Reports Completion of Rights Offering |
Brookfield Residential Reports Completion of Rights Offering |
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Brookfield Residential Reports Completion of Rights Offering
CALGARY, ALBERTA--(Marketwire - June 15, 2011) - Brookfield Residential Properties Inc. ("Brookfield Residential") (TSX:BRP)(NYSE:BRP) today announced the completion of Brookfield Office Properties Inc.'s rights offering, which enabled shareholders of Brookfield Office Properties to purchase shares of Brookfield Residential at a price of US $10 per share. 18,174,728 shares of Brookfield Residential were purchased by shareholders other than Brookfield Asset Management Inc. ("Brookfield") in the rights offering for total consideration of approximately US$182 million. This represented 72% of the shares available for purchase by shareholders other than Brookfield in the rights offering.
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