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Brookfield Property Partners receives approval for normal course issuer bid

The Toronto Stock Exchange accepted Brookfield Property Partners LP's notice of intention to renew its prior normal course issuer bid for a period of one year.

Under the bid, Brookfield may purchase up to 35,252,769 limited partnership units, or approximately 10% of its public float, during a 12-month period starting Aug. 20. The units may be purchased on the TSX, the Nasdaq Stock Market and any alternative Canadian or U.S. trading system.

Brookfield's public float stood at 352,527,696 limited partnership units as at Aug. 12.