Brookfield Announces Redemption of C$350 Million Principal Amount of 8.95% Notes Due June 2, 2014
13 September 2012 - 11:02PM
Marketwired
Brookfield Asset Management Inc.
(TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) announced today that it has
exercised its right to redeem C$350,000,000 principal amount of its
C$500,000,000 8.95% Notes due June 2, 2014 (the "Notes") on October
15, 2012. The Notes will be redeemed on a pro rata basis, such that
each Note holder of record on October 1, 2012 will have 70% of
their Notes redeemed.
The redemption price for the Notes will be determined in
accordance with the provisions of the trust indenture dated
September 20, 1995 and the eleventh supplemental indenture dated
June 2, 2009 and will include accrued and unpaid interest on the
Notes up to, but not including, the redemption date.
Notice of redemption will be delivered today to CDS Clearing and
Depository Services Inc. ("CDS") and the trustee, Computershare
Trust Company of Canada. Non-registered holders (banks, brokerage
firms or other financial institutions) who maintain their interests
in the Notes through CDS should contact their CDS customer service
representative with any questions about the redemption.
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 www.brookfield.com.
For more information, please visit our web site at
www.brookfield.com.
Forward-Looking Statements
Note: This news release contains forward-looking information
within the meaning of Canadian provincial securities laws and
"forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933, as amended, Section 21E of the
U.S. Securities Exchange Act of 1934, as amended, "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995 and in any applicable Canadian securities
regulations. The word "will" and derivations thereof and other
expressions that are predictions of or indicate future events,
trends or prospects and which do not relate to historical matters
identify forward-looking statements. Forward-looking statements in
this news release include statements in regards to the redemption
of the Notes described in this news release. Although Brookfield
Asset Management believes that such forward-looking statements and
information are based upon reasonable assumptions and expectations,
the reader should not place undue reliance on forward-looking
statements and information as such statements and information
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the company to differ materially from anticipated future results,
performance or achievement expressed or implied by such
forward-looking statements and information.
Factors that could cause actual results to differ materially
from those contemplated or implied by forward-looking statements
include: economic and financial conditions in the countries in
which we do business; the behaviour of financial markets, including
fluctuations in interest and exchange rates; availability of equity
and debt financing; and other risks and factors detailed from time
to time in the company's form 40-F filed with the Securities and
Exchange Commission as well as other documents filed by the company
with the securities regulators in Canada and the United States
including the company's most recent Management's Discussion and
Analysis of Financial Results under the heading "Business
Environment and Risks."
We caution that the foregoing list of factors that may affect
future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to
Brookfield Asset Management, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Except as required by law, the company undertakes
no obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, as a result of
new information, future events or otherwise.
Contacts: Brookfield Asset Management Inc. Andrew Willis SVP,
Communications and Media (416) 369-8236 (416) 363-2856
(FAX)andrew.willis@brookfield.com Brookfield Asset Management Inc.
Katherine Vyse SVP, Investor Relations (416) 369-8246 (416)
363-2856 (FAX)kvyse@brookfield.com www.brookfield.com
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