Mr. Andrew Willis of Brookfield reports
BROOKFIELD ACQUIRES WILMINGTON SHARES
Brookfield Asset Management Inc. has acquired 611,220 Class A shares of Wilmington Capital Management Inc. pursuant to a private transaction.
Brookfield intends to hold the shares for investment purposes. As a result of this transaction, Brookfield now owns and controls a total of 1,286,220 Class A shares of Wilmington, representing approximately 17 per cent of the issued and outstanding shares in the class.
The shares were acquired for fair-market-value consideration of $2,298,187, paid in a non-interest-bearing promissory note, which value represents $3.76 per share. Brookfield may acquire additional securities of Wilmington, but has no current plans to do so.
In accordance with National Instrument 62-103, an early warning report will be filed in respect of the above transaction. A copy of such report may be obtained from SEDAR or from Brookfield as provided below.
Brookfield is located at suite 300, 181 Bay St., Toronto, Ont., M5J 2T3.
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