Brookfield Completes $200M Preferred Share Issue

Brookfield Asset Management Inc. (Brook-field) completed its previously announced 4.9 per cent perpetual Class A Preference Shares, Series 37 issue in the amount of $200 million. Brookfield issued 8,000,000 preferred shares at a price of $25 per share, for total gross proceeds of $200 million. The preferred shares commenced trading on the Toronto Stock Exchange under the ticker symbol BAM.PF.D.

The shares were offered by a syndicate of underwriters co-led by CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Brook-field Financial Corp., GMP Securities L.P., Laurentian Bank Securities Inc. and Paradigm Capital Inc.

Brookfield Asset Management was represented by an in-house team led by A.J. Silber. Adam Armstrong, Jonathan Cescon and Leah Towell (corporate/securities) and Catrina Card (tax) from Torys LLP provided external support.

The underwriters were represented by Lawrence Chernin, Bill Gorman, Geoff Cowper-Smith and Jeremy Weisz (corporate/securities) and Maureen Berry (tax) from Goodmans LLP.