The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Brookfield Completes CDN$200 Million Preferred Share Issue

Tuesday, November 27, 2012

Brookfield Completes CDN$200 Million Preferred Share Issue08:36 EST Tuesday, November 27, 2012TORONTO, ONTARIO--(Marketwire - Nov. 27, 2012) -NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATESBrookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) announced today the completion of its previously announced 4.85% perpetual Class A Preference Shares, Series 36 ("Preferred Shares") issue in the amount of CDN$200,000,000. Brookfield issued 8,000,000 Preferred Shares at a price of CDN$25.00 per share, for total gross proceeds of CDN$200,000,000. The Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BAM.PF.C.Brookfield Asset Management Inc. is a global alternative asset manager with over $150 billion in assets under management. The company has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. It has a range of public and private investment products and services, which leverage its expertise and experience and provide Brookfield with a competitive advantage in the markets where it operates. Brookfield is co-listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA. For more information, please visit our website at more information, please visit our web site at FURTHER INFORMATION PLEASE CONTACT: Contact Information: Brookfield Asset Management Inc.Andrew WillisSVP, Communications and Media(416) 369-8236(416) 363-2856 (FAX)andrew.willis@brookfield.comBrookfield Asset Management Inc.Katherine VyseSVP, Investor Relations(416) 369-8246(416) 363-2856 (FAX)