BAM.A Brookfield Asset Management Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES 


Brookfield Asset Management Inc. (NYSE:BAM)(TSX:BAM.A)(EURONEXT:BAMA) today
announced that it has agreed to issue 6,000,000 4.9% perpetual Class A
Preference Shares, Series 37 ("Preferred Shares, Series 37") on a bought deal
basis to a syndicate of underwriters led by CIBC, RBC Capital Markets,
Scotiabank and TD Securities for distribution to the public. The Preferred
Shares, Series 37 will be issued at a price of C$25.00 per share, for aggregate
gross proceeds of C$150,000,000.


Brookfield has granted the underwriters an option, exercisable until 48 hours
prior to closing, to purchase up to an additional 2,000,000 Preferred Shares,
Series 37 which, if exercised, would increase the gross offering size to
C$200,000,000. The Preferred Shares, Series 37 will be offered in all provinces
of Canada by way of a supplement to Brookfield Asset Management's existing short
form base shelf prospectus dated June 7, 2011 as amended on June 13, 2012 and
December 10, 2012. The Preferred Shares, Series 37 may not be offered or sold in
the United States or to U.S. persons absent registration or an applicable
exemption from the registration requirements under the U.S. Securities Act.


Brookfield also announced its intention to redeem all of its outstanding Class A
Preference Shares, Series 21 ("Preferred Shares, Series 21") (TSX:BAM.PR.O) for
cash on June 30, 2013. The redemption price for each share will be C$25.00.
Holders of Preferred Shares, Series 21 will separately receive all accrued and
unpaid interest outstanding on the redemption date. Brookfield intends to use
the net proceeds of the issue of Preferred Shares, Series 37 to redeem its
Preferred Shares, Series 21 and, to the extent the underwriters' option is
exercised, for general corporate purposes. The offering of Preferred Shares,
Series 37 is expected to close on or about June 13, 2013.


Brookfield Asset Management Inc. is a global alternative asset manager with over
$175 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.


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 words "will"
and "expected" 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 issuance of the Preferred Shares, Series 37 and the use of proceeds of the
issuance. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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

Brookfield Asset Managem... (TSX:BAM.A)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Brookfield Asset Managem... (TSX:BAM.A)
Historical Stock Chart
Von Jul 2023 bis Jul 2024