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Brookfield Asset Management Inc Announces Exercise of Underwriters' Option

Tuesday, 28 May 2013 05:19pm EDT 

Brookfield Asset Management Inc announced that, in connection with its recently-announced public offering of 6,000,000 4.90% perpetual Class A Preference Shares, Series 37 (the Preferred Shares), the underwriters have exercised their option (the Underwriters' Option) to purchase an additional 2,000,000 Preferred Shares at a price of CAD25.00 per share. Brookfield will receive additional gross proceeds of CAD50,000,000 from the exercise of the Underwriters' Option, increasing the total size of the offering to CAD200,000,000. Closing of the Underwriters' Option is expected to occur concurrent with the closing of the public offering on or about June 13, 2013. Subject to fulfilling the listing requirements of the Toronto Stock Exchange, the Preferred Shares will begin trading on the TSX under the symbol BAM.PF.D upon closing of the offering.