Brookfield Asset Management Announces Results of Conversion of its Series 44 Preferred Shares
December 21 2020 - 3:30PM
Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today
announced that after having taken into account all election notices
received by the December 16, 2020 deadline for the conversion of
its Cumulative Class A Preference Shares, Series 44 (the “Series 44
Shares”) (TSX: BAM.PF.H) into Cumulative Class A Preference Shares,
Series 45 (the “Series 45 Shares”), there were 26,739 Series 44
Shares tendered for conversion, which is less than the one million
shares required to give effect to conversions into Series 45
Shares. Accordingly, there will be no conversion of Series 44
Shares into Series 45 Shares, and holders of Series 44 Shares will
retain their Series 44 Shares.
Brookfield Asset Management
Inc. is a leading global alternative asset manager with
approximately US$575 billion of assets under management across real
estate, infrastructure, renewable power, private equity and credit.
Brookfield owns and operates long-life assets and businesses, many
of which form the backbone of the global economy. Utilizing its
global reach, access to large-scale capital and operational
expertise, Brookfield offers a range of alternative investment
products to investors around the world—including public and private
pension plans, endowments and foundations, sovereign wealth funds,
financial institutions, insurance companies and private wealth
investors.
Brookfield Asset Management is listed on the New
York and Toronto stock exchanges under the symbol BAM and BAM.A
respectively.
For more information, please visit our website at
www.brookfield.com or contact:
Communications &
Media:Claire HollandTel: (416) 369-8236Email:
claire.holland@brookfield.com |
|
Investor
RelationsLinda Northwood Tel: (416) 359-8647 Email:
linda.northwood@brookfield.com |
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