Brookfield Asset Management (BAM) Announces 17.9M Class A Common Offering

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Go back to Brookfield Asset Management (BAM) Announces 17.9M Class A Common Offering

Brookfield Asset Management Announces US$1,075 Million Equity Offering and Declares Quarterly Dividend

April 20, 2015 4:36 PM EDT

TORONTO, ONTARIO -- (Marketwired) -- 04/20/15 -- Brookfield Asset Management Inc. (NYSE: BAM)(TSX: BAM.A)(EURONEXT: BAMA) ("Brookfield") today announced that it has agreed to issue 17.9 million Class A Limited Voting shares (the "Class A Shares"), on a bought deal basis, to a syndicate of underwriters co-led by CIBC, RBC Capital Markets, Citigroup Global Markets Canada Inc. and Deutsche Bank Securities, at a price of US$56.00 per Class A Share (the "Offering Price") for gross proceeds of US$1,000,160,000 (the "Offering"). In addition, current officers,... More