Trilon/Brookfield Cross-Border Bought Deal Public Offering

On March 19, 2001, Trilon Financial Corporation was the selling shareholder in a cross-border bought deal public offering of $120 million of Brookfield Properties Corporation common shares.

The Torys team acting for Brookfield and Trilon included Phil Brown, Phil de L. Panet and Glen Johnson in Toronto and Alexandra Kau and Andy Beck in New York. Debbie Alexander, Camilla MacKenzie and Eleanor Farrell of Osler, Hoskin & Harcourt LLP acted for the underwriters, who were led by CIBC World Markets. Chris Morgan, Jonathan James and Stephane Raby of Skadden, Arps, Slate, Meagher & Flom LLP provided advice on US matters.