Brookfield Asset Management completes US$1.225 billion equity offering

On April 27, 2015, Brookfield Asset Management (Brookfield) completed a public offering of 17,860,000 Class A limited voting shares for gross proceeds of US$1,000,160,000. The shares were issued, on a bought deal basis, at a price of US$56.00 per Class A share to a syndicate of underwriters co-led by CIBC, RBC Capital Markets, Citigroup Global Markets Canada Inc. and Deutsche Bank Securities. On April 30, 2015 Brookfield completed the issuance and sale of an additional 2,679,000 Class A limited voting shares sold pursuant to the exercise in full of the underwriters' over-allotment option at the same price as the offering. Brookfield received additional gross proceeds of US$150,024,000.

In addition, current officers, directors and shareholders of Brookfield, including Partners Value Fund Inc., and entities controlled by them, purchased, directly or indirectly, an aggregate of 1,395,089 Class A shares concurrent with the offering on April 27, 2015. The aggregate gross proceeds of the offering (including the over-allotment option) and private placement was approximately US$1.225 billion.

Brookfield intends to use the net proceeds of the offering and private placement for general corporate purposes, including the funding of future investments.

Brookfield Asset Management is a global alternative asset manager with over US$200 billion in assets under management.

Further information can be found on Brookfield's website.