TORONTO, Oct. 13, 2017 /CNW/ - Brookfield Capital
Partners II (OSB) L.P. ("BCP II OSB"), a fund managed by
Brookfield Asset Management Inc. ("BAM") (TSX: BAM.A, NYSE:
BAM, Euronext: BAMA), today completed a distribution (the
"Distribution") of an aggregate of 7,069,705 common shares
(the "Norbord Shares") of Norbord Inc. ("Norbord") to
its fund investors. BAM and its affiliates ("Brookfield") continue to hold 34,787,535
Norbord Shares.
Prior to the Distribution, Brookfield owned or controlled 41,857,240
Norbord Shares, representing approximately 48.5% of the then issued
Norbord Shares. Upon completion of the Distribution, Brookfield owns and controls 34,787,535
Norbord Shares, representing approximately 40.3% of the then issued
Norbord Shares.
Brookfield holds the Norbord
Shares for investment purposes. Brookfield may purchase additional securities
of Norbord from time to time, or dispose of any securities of
Norbord that Brookfield may own
from time to time, in each case in the open market or in privately
negotiated transactions.
This press release is being issued pursuant to the requirements
of National Instrument 62-103 - The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues of the
Canadian Securities Administrators. An early warning report with
additional information in respect of the foregoing matters will be
filed and available on the SEDAR profile of Norbord at
www.sedar.com. To obtain a copy of the early warning report, you
may contact Linda Northwood at (416)
359-8647.
Brookfield's head office is
located at Brookfield Place, 181 Bay Street, Suite 300,
Toronto, Ontario, M5J
2T3. Norbord's head office is located at 1 Toronto Street,
Suite 600, Toronto, Ontario, M5C
2W4.
Forward-Looking Statements
Note: This news release contains "forward-looking information"
within the meaning of Canadian provincial securities laws and
"forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933, as amended, Section 21E of the
U.S. Securities Exchange Act of 1934, as amended, "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995 and in any applicable Canadian securities
regulations. The word "may" and derivations thereof and other
expressions that are predictions of or indicate future events,
trends or prospects and which do not relate to historical matters
identify forward-looking statements.
Forward-looking statements in this news release include
statements with respect to Brookfield's purchase or sale of Norbord
securities in the future described in this news release. Although
Brookfield believes that such
forward-looking statements and information are based upon
reasonable assumptions and expectations, the reader should not
place undue reliance on forward-looking statements and information
as such statements and information involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Brookfield to differ materially from
anticipated future results, performance or achievement expressed or
implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially
from those contemplated or implied by forward-looking statements
include: economic and financial conditions in the countries in
which we do business; the behavior of financial markets, including
fluctuations in interest and exchange rates; availability of equity
and debt financing; and other risks and factors in the prospectus
and as detailed from time to time in the BAM's Annual Report on
Form 40-F filed with the Securities and Exchange Commission as well
as other documents filed by BAM with the securities regulators in
Canada and the United States.
We caution that the foregoing list of important factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to
Brookfield, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. Except as required by law,
Brookfield undertakes no
obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as
a result of new information, future events or otherwise.
SOURCE Brookfield Capital Partners II (OSB) L.P.