Brookfield Announces Reset Dividend Rate on Its Series 25 Preference Shares
01 Junho 2018 - 5:31PM
All amounts in Canadian dollars
unless otherwise stated.
BROOKFIELD, NEWS, June 01,
2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc.
(TSX:BAM.A) (NYSE:BAM) (Euronext:BAMA) ("Brookfield") today
announced that it has determined the quarterly dividend on its
floating rate Cumulative Class A Preference Shares, Series 25
("Series 25 Shares") (TSX: BAM.PR.S).
The dividend on the Series 25
Shares is paid at an annual rate, calculated for each quarter, of
2.30% over the annual yield on three-month Government of Canada
treasury bills. The actual quarterly dividend rate in respect of
the July 1, 2018 to September 30, 2018 dividend period will be
0.9074% (3.6% on an annualized basis) and the dividend, if
declared, for such dividend period will be $0.22685 per share,
payable on September 28, 2018.
Brookfield Asset Management
Brookfield Asset Management Inc.
is a leading global alternative asset manager with approximately
US$285 billion in assets under management. The company has more
than a 100-year history of owning and operating assets with a focus
on property, renewable power, infrastructure and private equity.
Brookfield offers a range of public and private investment products
and services, and is co-listed on the New York, Toronto and
Euronext stock exchanges under the symbol BAM, BAM.A and BAMA,
respectively.
For more information, please visit
our website at www.brookfield.com or contact:
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|
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Claire
Holland
Communications & Media
Tel: (416) 369-8236
Email:
Claire.holland@brookfield.com |
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Linda
Northwood
Investor Relations
Tel: (416) 359-8647
Email:
Linda.northwood@brookfield.com |
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This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Brookfield Asset Management Inc via
Globenewswire
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