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| Home : Brookfield Asset Management Announces US$1,075 Million Equity Offering and Declares Quarterly Dividend |
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Apr 21
2015 |
Brookfield Asset Management Announces US$1,075 Million Equity Offering and Declares Quarterly Dividend |
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TORONTO, ONTARIO--(Marketwired - April 20, 2015) - Brookfield Asset Management Inc. (NYSE:BAM)(TSX:BAM.A)(EURONEXT:BAMA) ("Brookfield") today announced that it has agreed to issue 17.9 million Class A Limited Voting shares (the "Class A Shares"), on a bought deal basis, to a syndicate of underwriters co-led by CIBC, RBC Capital Markets, Citigroup Global Markets Canada Inc. and Deutsche Bank Securities, at a price of US$56.00 per Class A Share (the "Offering Price") for gross proceeds of US$1,000,160,000 (the "Offering"). In addition, current officers, directors and shareholders of Brookfield including Partners Value Fund Inc. (TSX VENTURE:PVF), 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 (the "Private Placement"). The aggregate gross proceeds of the Offering and the Private Placement will be US$1,075,159,985. |
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| Source:http://www.marketwired.com/mw/release.do?id=2011488&sourceType=3 |
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