Brookfield Asset Management completes spin-off of Brookfield Business Partners

On June 20, 2016, Brookfield Asset Management Inc. ("Brookfield") announced the completion of the spin-off of Brookfield Business Partners L.P. ("Brookfield Business Partners" or "BBU"), the primary public vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity group on a global basis.

The spin-off was effected by way of a special dividend of units of BBU to holders of Brookfield's Class A and B limited voting shares. Each holder of shares received one BBU unit for every 50 shares (that is, 0.02 BBU units for each share). Shareholders of Brookfield now own 19,725,150 BBU units, or an approximate 22% limited partnership interest in BBU, with Brookfield owning the remaining 78% limited partnership interest in BBU, on a fully-diluted basis. Brookfield also holds the general partner interest in BBU.

The BBU units commenced regular-way trading on the Toronto Stock Exchange and the New York Stock Exchange on the same day, under the symbols "BBU.UN" and "BBU" respectively.

Brookfield is a global alternative asset manager with US$240 billion of assets under management.

Further information can be found on Brookfield's website.