Mr. Amar Dhotar reports
BROOKFIELD INCREASES SIZE OF PREFERRED SHARE OFFERING TO C$300 MILLION
As a result of strong investor demand for Brookfield Asset Management Inc.'s previously announced offering, the company has agreed to increase the size of the offering to 12 million Class A preferred shares, Series 42. The preferred shares, Series 42, will be issued at a price of $25.00 per share, for gross proceeds of $300-million. There will not be an underwriters' option as was previously granted. The preferred shares, Series 42, are being offered on a bought-deal basis by a syndicate of underwriters led by TD Securities Inc., RBC Capital Markets, CIBC (Canadian Imperial Bank of Commerce) and Scotiabank.
The preferred shares, Series 42, will be offered in all provinces of Canada by way of a supplement to Brookfield's existing short-form base-shelf prospectus.
The offering of preferred shares, Series 42, is expected to close on or about Oct. 8, 2014.
We seek Safe Harbor.
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