Brookfield completes C$300 million preferred share issue

On November 18, 2016, Brookfield Asset Management Inc. (Brookfield) completed its previously announced Class A Preference Shares, Series 46 issue in the amount of C$300 million. The offering, announced November 10, 2016, was underwritten by a syndicate led by TD Securities Inc. and Scotiabank.

Brookfield issued 12,000,000 Series 46 preferred shares at a price of C$25.00 per share. Holders of the shares will be entitled to receive a cumulative quarterly fixed dividend yielding 4.80% annually for the initial period ending March 31, 2022. Thereafter, the dividend rate will be reset every five years at a rate equal to the greater of: (i) the 5-year Government of Canada bond yield plus 3.85%, and (ii) 4.80%.

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets.

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