Key Developments: Brookfield Asset Management Inc (BAMa.TO)

BAMa.TO on Toronto Stock Exchange

9 Oct 2015
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Latest Key Developments (Source: Significant Developments)

Brookfield Asset Management Inc to create Brookfield Business Partners
Wednesday, 7 Oct 2015 06:50am EDT 

Brookfield Asset Management Inc:To create Brookfield business partners (bbp).Intends to spin off approximately 35% of Brookfield business partners l.p.Brookfield asset management -special dividend estimated to be worth US$0.50 per share, or approximately US$500 million, in the form of units of bbp.Says bbp intends to apply to list its units in Canada and the United States.Subject to receipt of normal course regulatory approvals, Brookfield anticipates completing spin-off of bbp in Q1 2016.To spin off part of Brookfield business partners by distributing special dividend estimated at $0.50 per share.Brookfield business partners businesse will include substantially all brookfield's business services,industrial operations.Brookfield asset management- co will operate business services,industrial operations of private equity platform through Brookfield business partners.Brookfield expected to hold an approximate 65% equity interest, along with the general partner interest, in bbp.Portion of bbp's units to be distributed to holders of brookfield's class a and b limited voting shares.  Full Article

Brookfield Asset Management Inc to Issue C$150 mln of preferred shares
Thursday, 24 Sep 2015 10:34am EDT 

Brookfield Asset Management Inc:Agreed to issue 6,000,000 Class A Preferred Shares, Series 44 on a bought deal basis to a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets and TD Securities Inc. for distribution to the public.Preferred Shares, Series 44 will be issued at a price of C$25.00 per share, for gross proceeds of C$150,000,000.Intends to use the net proceeds of the issue of Preferred Shares, Series 44 for general corporate purposes.  Full Article

Brookfield Asset Management Inc completes acquisition of GrafTech International Ltd
Monday, 17 Aug 2015 08:50am EDT 

Brookfield Asset Management Inc:Completes acquisition of GrafTech International Ltd.Effective as of the open of trading today, August 17, 2015, GrafTech common shares will cease trading on the NYSE.  Full Article

Brookfield Asset Management Inc declares dividend
Friday, 7 Aug 2015 05:20pm EDT 

Brookfield Asset Management Inc:Declares a quarterly dividend of US$0.12 per share (representing US$0.48 per annum), payable on Sep. 30, to shareholders of record as at the close of business on Aug. 31.  Full Article

Brookfield Asset Management announces renewal of normal course issuer bid
Tuesday, 19 May 2015 07:50am EDT 

Brookfield Asset Management Inc:Received approval from the Toronto Stock Exchange (TSX) for its proposed normal course issuer bid to purchase up to 83,848,184 Class A Limited Voting Shares, representing 10 pct of the public float of the company's outstanding Class A Shares.The period of the normal course issuer bid will extend from May 21, 2015 to May 20, 2016.  Full Article

Associated Estates Realty Corp announces sale to Brookfield Asset Management
Wednesday, 22 Apr 2015 10:55am EDT 

Associated Estates Realty Corp:Entered into a definitive agreement to sell the Company to a real estate fund managed by Brookfield Asset Management for $28.75 per share, or about $2.5 billion including the assumption of debt.  Full Article

Brookfield Asset Management Inc announces $1,075 mln equity offering and declares quarterly dividend
Monday, 20 Apr 2015 04:36pm EDT 

Brookfield Asset Management Inc:Announced that it has agreed to issue 17.9 million Class A Limited Voting shares, on a bought deal basis, to a syndicate of underwriters.Underwriters co-led by CIBC, RBC Capital Markets, Citigroup Global Markets Canada Inc. and Deutsche Bank Securities, at a price of $56.00 per Class A Share (the Offering Price) for gross proceeds of $1,000,160,000 (the Offering).In addition, current officers, directors and shareholders of Brookfield including Partners Value Fund Inc, and entities controlled by them, will purchase, directly or indirectly, an aggregate of 1,395,089 Class A Shares at the Offering Price concurrent with the Offering.Aggregate gross proceeds of the Offering and the Private Placement will be $1,075,159,985.Intends to use the net proceeds of the Offering and Private Placement for general corporate purposes, including the funding of future investments.Says the Board of Directors has Effected the dividend increase of 6 pct per share previously announced on April 8 by declaring a quarterly dividend of US$0.12 per share.Payable on June 30 to shareholders of record as at the close of business on May 29.  Full Article

Brookfield Asset Management to establish global facilities management business
Friday, 23 Jan 2015 08:00am EST 

Brookfield Asset Management Inc:Reached an agreement to acquire the other 50 pct of its Canadian and Australian facilities management businesses from Johnson Controls Inc. for about $200 mln.This acquisition will facilitate a merger with its wholly owned businesses in the Middle-East and South America as part of a broader plan to create the.With the termination of its joint venture agreements with Johnson Controls, Brookfield will immediately launch its facilities management businesses in scale in the United States and Europe, building on client relationships across its 340 mln square feet property portfolio.  Full Article

Brookfield Asset Management announces pricing of $500 million note offering
Monday, 12 Jan 2015 03:43pm EST 

Brookfield Asset Management:Prices public offering of notes due 2025.Due to investor demand, size of the offering was increased from $350 mln to $500 mln.Notes will have an interest rate of 4.0 pct.Net proceeds of the offering will be used for general corporate purposes.Offering is expected to close on or about Jan. 15.  Full Article

Brookfield Asset Management announces proposed offering of $350 mln notes
Monday, 12 Jan 2015 08:57am EST 

Brookfield Asset Management Inc:Announced that it is commencing a public offering, subject to market and other conditions, of $350 mlnof notes due 2025. Brookfield intends to use the net proceeds of the offering for general corporate purposes.Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering.  Full Article

UPDATE 1-Brookfield Asset Management to spin off and list unit

Oct 7 - Canada's Brookfield Asset Management Inc said it would spin off 35 percent of Brookfield Business Partners LP , which will own almost all of the asset manager's business services and industrial operations assets.

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