Tax Treatment of 2011 Dividends
U.S. Residents: Common share distributions paid to U.S. shareholders should be treated as a return of capital. Distributions on preferred shares should be treated as fully taxable.
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.
Canadian Residents:Common and preferred share distributions are treated as taxable dividends from a Canadian corporation. Individuals resident in Canada are entitled to an enhanced dividend tax credit on "eligible dividends" received in 2011 and subsequent years. Brookfield Office Properties has determined that all dividends paid in 2011 are eligible dividends for this purpose.
May 2011 BRP Rights Offering
The Company has determined that the rights issued in May 2011 in connection with Brookfield Residential Properties had no value at the time of issue. Accordingly, no reporting is required with respect to this issuance
BPO Properties Dividends
2011 BPO Properties (BPP) common and preferred share dividends are treated as taxable dividends from a Canadian corporation. Individuals resident in Canada are entitled to an enhanced dividend tax credit on "eligible dividends" received in 2011 and subsequent years. BPO Properties Ltd. has determined that all dividends paid in 2011 are eligible dividends for this purpose.Eligible Dividend InformationFor purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by BPO Properties Ltd. to Canadian residents on our common and preferred shares in 2011 and thereafter are designated as "eligible dividends." Unless stated otherwise, all dividends (and deemed dividends) are designated as "eligible dividends" for the purposes of these rules.
Preferred Shares
Series G — BPP.PR.G;
BPO Properties Prospectus for Preferred G Shares
Series J — BPP.PR.J;
BPO Properties Prospectus for Preferred J Shares
Series K — Not Listed
Series M — BPP.PR.M;
BPO Properties Prospectus for Preferred M Shares
Series N — Not Listed
Eligible Dividend Information
For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by Brookfield Office Properties to Canadian residents on our common and preferred shares in 2011 and thereafter are designated as "eligible dividends." Unless stated otherwise, all dividends (and deemed dividends) are designated as "eligible dividends" for the purposes of these rules.
Exchange Rates
|
| |
2007 |
2008 |
2009
|
2010
|
2011
|
| Q1 |
1 USD =
1.1727 CAD
|
1 USD =
0.9883 CAD
|
1 USD =
1.2914 CAD
|
1 USD =
1.0416 CAD
|
1 USD =
0.9749 CAD
|
| Q2 |
1 USD =
1.0613 CAD
|
1 USD =
1.0012 CAD
|
1 USD =
1.0910 CAD
|
1 USD =
1.0540 CAD
|
1 USD =
0.9757 CAD |
| Q3 |
1 USD =
1.0494 CAD
|
1 USD =
1.0686 CAD
|
1 USD =
1.1041 CAD |
1 USD =
1.0520 CAD |
1 USD =
0.9755 CAD
|
| Q4 |
1 USD =
1.0002 CAD
|
1 USD =
1.2451 CAD
|
1 USD =
1.0467 CAD
|
1 USD =
1.0170 CAD
|
1 USD =
1.0143 CAD
|
|
|
Dividend Summary for ticker BPO (NYSE)
Brookfield Office Properties
|
Quarter
|
Record |
Payable |
Amount |
| Q4-11 |
01-Dec-2011 |
30-Dec-2011 |
$0.14 |
| Q3-11 |
01-Sep-2011 |
30-Sep-2011 |
$0.14 |
| Q2-11 |
01-Jun-2011 |
30-Jun-2011 |
$0.14 |
| Q1-11 |
01-Mar-2011 |
31-Mar-2011 |
$0.14 |
| Q4-10 |
01-Dec-2010 |
31-Dec-2010 |
$0.14 |
| Q3-10 |
01-Sep-2010
|
30-Sep-2010
|
$0.14
|
| Q2-10 |
01-Jun-2010 |
30-Jun-2010 |
$0.14 |
| Q1-10 |
01-Mar-2010 |
31-Mar-2010 |
$0.14 |
| Q4-09 |
01-Dec-2009 |
31-Dec-2009 |
$0.14 |
| Q3-09 |
01-Sep-2009 |
30-Sep-2009 |
$0.14 |
| Q2-09 |
01-Jun-2009 |
30-Jun-2009 |
$0.14 |
| Q1-09 |
02-Mar-2009 |
31-Mar-2009 |
$0.14 |
| Q4-08 |
01-Dec-2008 |
31-Dec-2008 |
$0.14 |
| Q3-08 |
01-Sep-2008 |
30-Sep-2008 |
$0.14 |
| Q2-08 |
02-Jun-2008 |
30-Jun-2008 |
$0.14 |
| Q1-08 |
03-Mar-2008 |
31-Mar-2008 |
$0.14 |
| Q4-07 |
03-Dec-2007 |
31-Dec-2007 |
$0.14 |
Q3-07
|
04-Sep-2007
|
28-Sep-2007
|
$0.14
|
| Q2-07 |
01-Jun-2007 |
29-Jun-2007 |
$0.14 |
| Q1-07 |
01-Mar-2007 |
30-Mar-2007 |
$0.13 |
| Q4-06 |
01-Dec-2006 |
29-Dec-2006 |
$0.13 |
| Q3-06 |
01-Sep-2006 |
30-Sep-2006 |
$0.13 |
| Q2-06 |
01-Jun-2006 |
30-Jun-2006 |
$0.13 |
| Q1-06 |
01-Mar-2006 |
31-Mar-2006 |
$0.12 |
| Q4-05 |
01-Dec-2005 |
30-Dec-2005 |
$0.12 |
| Q3-05 |
01-Sep-2005 |
30-Sep-2005 |
$0.12 |
| Q2-05 |
01-Jun-2005 |
30-Jun-2005 |
$0.12 |
| Q1-05 |
01-Mar-2005 |
31-Mar-2005 |
$0.07 |
| Q4-04 |
01-Dec-2004 |
30-Dec-2004 |
$0.07 |
| Q3-04 |
01-Sep-2004 |
30-Sep-2004 |
$0.07 |
| Q2-04 |
01-Jun-2004 |
30-Jun-2004 |
$0.07 |
| Q1-04 |
01-Mar-2004 |
31-Mar-2004 |
$0.07 |
| Q4-03 |
01-Dec-2003 |
31-Dec-2003 |
$0.07 |
| Q3-03 |
02-Sep-2003 |
30-Sep-2003 |
$0.07 |
| Q2-03 |
02-Jun-2003 |
30-Jun-2003 |
$0.05 |
| Q1-03 |
03-Mar-2003 |
31-Mar-2003 |
$0.05 |
|
* Per share dividends recalculated for the three-for-two stock splits effective May 4, 2007 & March 31, 2005