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Brookfield Asset
Management
BAM announced today
that it has exercised its right to redeem C$350,000,000 principal
amount of its C$500,000,000 8.95% Notes due June 2, 2014 (the
"Notes") on October 15, 2012. The Notes will be redeemed on a pro
rata basis, such that each Note holder of record on October 1, 2012
will have 70% of their Notes redeemed.
The redemption price for the Notes will be determined in accordance
with the provisions of the trust indenture dated September 20, 1995
and the eleventh supplemental indenture dated June 2, 2009 and will
include accrued and unpaid interest on the Notes up to, but not
including, the redemption date.
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