Brookfield Announces Reset Dividend Rate on Its Series 25 Preference Shares

Globe Newswire 3-Dec-2018 4:30 PM

All amounts in Canadian dollars unless otherwise stated.

BROOKFIELD, NEWS, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (TSX:BAM, 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).

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 January 1, 2019 to March 31, 2019 dividend period will be 0.98951% (4.013% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.2473775 per share, payable on March 29, 2019.

Brookfield Asset Management

Brookfield Asset Management Inc. is a leading global alternative asset manager with over US$330 billion in assets under management. The company has more than a 115-year history of owning and operating assets with a focus on real estate, 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: