(1888PressRelease)
June 15, 2009 - As a result of strong investor demand, the size of the offering was increased from C$125 million to C$300 million, including the underwriters’ exercise of an additional two million shares at the same offering price of C$25.00 per share.
The preferred shares have an annual yield of 7%, which is reset every five years. Net proceeds will be used for general corporate purposes and to enhance the company’s liquidity and financial flexibility. The Series 22 Preferred Shares commenced trading on the Toronto Stock Exchange on June 4, 2009 under the symbol BAM.PR.P.
The preferred shares may not be offered or sold in the United States or to U.S. Persons absent registration or applicable exemption from the registration requirements under the U.S. Securities Act of 1933, as amended.
About Brookfield Asset Management
Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has approximately US$80 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA. For more information, please visit the Company’s website at www.brookfield.com.
Media
Denis Couture
SVP, Corporate and International Affairs
Tel.: (416) 956-5189
Fax: (416) 363-2856
Email: dcouture ( @ ) brookfield dot com
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