The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts. Brookfield Business Partners L.P. (NYSE: BBU )(TSX:BBU.UN), together with its institutional partners (collectively Brookfield), and Teekay Corporation (NYSE: TK ) own 51 percent and 49 percent, respectively, of Teekay Offshore's general partner. Teekay Offshore's common units and preferred units trade on the New York Stock Exchange under the symbols "TOO", "TOO PR A", "TOO PR B" and 'TOO PR E', respectively.