Sec Form 13G Filing - ANGELO GORDON & CO. L.P. filing for Brookfield DTLA Fund Office Trust Investor Inc. (DTLA) - 2023-02-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(AMENDMENT NO. 1)*

BROOKFIELD DTLA FUND OFFICE TRUST INVESTOR INC.

(Name of Issuer)

7.625% Series A Cumulative Redeemable Preferred Stock

(Title of Class of Securities)

112714209

(CUSIP Number)

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 31, 2022

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Item 1 (a). Name of Issuer

Brookfield DTLA Fund Office Trust Investor Inc. (the “Issuer”)

Item 1 (b) Address of Issuer’s Principal Executive Offices

250 Vesey Street, 15^th Floor

New York, NY 10281

Item 2 (a). Name of Person Filing

The Statement is filed on behalf of each of the following persons (the “Reporting Persons”)

(i) Angelo Gordon & Co., L.P. (“Angelo Gordon”)

(ii) AG GP LLC (“AG GP”)

(iii) Botticelli LLC

(iv) Josh Baumgarten

(v) Adam Schwartz

Item 2 (b). Address of the Principal Office or, if none, residence

The address of each of the Reporting Persons is 245 Park Avenue, 26th Floor, New York, New York 10167.

Item 2 (c). Citizenship

(i) Angelo Gordon is a Delaware limited partnership

(ii) AG GP is a Delaware limited liability company

(iii) Botticelli LLC is a Delaware limited liability company

(iv) Josh Baumgarten- United States

(v) Adam Schwartz- United States

Item 2 (d). Title of Class of Securities

7.625% Series A Cumulative Redeemable Preferred Stock (“Preferred Stock”)

Item 2 (e). CUSIP Number

112714209

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Inapplicable.

Item 4. Ownership.

Item 4 (a). Amount Beneficially Owned:

As of December 31, 2022, each of the Reporting Persons may be deemed the beneficial owner of 652,029 shares of Preferred Stock.

Item 4 (b). Percent of class:

According to the Issuer’s Form 10-Q filed on November 10, 2022, the number of shares of Preferred Stock outstanding on September 30, 2022 was 9,730,370. Each of the Reporting Persons may be deemed to be the beneficial owner of approximately 6.7% of the total number of shares of Preferred Stock outstanding.

Item 4 (c). Number of shares as to which the person has:

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Shares reported herein are held by Botticelli LLC, for which Angelo Gordon & Co., L.P. serves as the investment manager. The investors in the private investment funds that own Botticelli LLC and for which Angelo Gordon acts as investment adviser have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held for the accounts of the fund in accordance with their respective investment percentages in the private investment fund.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

AG GP LLC, Mr. Baumgarten and Mr. Schwartz are the direct and indirect owners of Angelo Gordon & Co., L.P., an SEC-registered investment adviser.

Item 8. Identification and Classification of Members of the Group.

Inapplicable.

Item 9. Notice of Dissolution of Group.

Inapplicable.

Item 10. Certification.

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Date: February 13, 2023